2️⃣ #OLS
Simply put, the #regression line is the straight line that "fits the data best". To find this, we need the #OLS method (#OrdinaryLeastSquares).
👉 More about this next week!

3️⃣#Example
With the known value of the x-axis, the y-value can be estimated by the calculated straight line. For our #icecream and #temperature example: at a known temperature of 25°C, 60 scoops of ice cream are expected to be sold 🍦😎