From business to engineering to cooking to fashion, data is everywhere. Sets of data can inform us about past, present, and future time periods and how those time periods impacted our career or business. Sets of data can be organized into a model, which can better serve you, your employees, and/or a future investor. Creating a linear model from a set of data creates an efficient line of communication that helps people understand what a set of data represents.
A LINEar model ALWAYS creates a straight line. This straight line can be diagonal, horizontal, or vertical.
How can you remember this? The word "line" is in linear.
There are four components of a linear model: