Simple linear regression is a statistical model that describes the relationship between an independent variable X and a dependent variable Y as a line, Ŷ = β₀ + β₁X. The slope β₁ tells you how much Y changes for each one-unit increase in X, and the intercept β₀ is the predicted value of Y when X is zero. It is the foundation of much of data analysis, used both to understand a relationship and to predict values.