Answer:
False.
Step-by-step explanation:
In a data where two variables are observed simultaneously, such data is termed to be Bivariate Data. When this data are represented graphically, such a diagrammatic representation is called scatter diagram. In a scatter diagram, all the points lie on or near one particular line. This line is called the regression line.
Recall that the equation for a straight line in the gradient intercept form is y = ax+b .
As an approximation , one can fit the regression line by first computing x and y. The regression line should pass through (x,y) in such a way that the remaining scatter points are evenly distributed on both sides of the line. Therefore, Simple linear regression methods can be used for studying relationship among maximum five variables is a false statement.
