In GCSE Maths, this is referred to as the equation of a straight line. It describes a
relationship between two variables, in this case and
, by using two constants,
, and
.
i.e. we are predicting the behaviour of the variable
as
changes.
There are of course, many many other kinds of linear model, the only real constraint is that they describe a relationship between two variables.
A more formal notation:
| (2) |
This describes the same model as straight-line, simply in terms of a function .