Linear Equation: A linear equation is an equation that represents a straight line, where the relationship between the variables can be expressed as a constant rate of change or slope.
Regression Equation: The regression equation is a linear model that describes the relationship between a dependent variable and one or more independent variables, with the slope representing the rate of change between them.
Prediction: Slope is a crucial component in making predictions based on a linear model, as it allows for the estimation of the dependent variable's value given a specific value of the independent variable.