I am trying to understand the fundamentals of Regression. I did a lot of reading, still things are not clear to me due to ambiguity in use of terms at every other material that I read.
The following is a quote obtained from wikipedia (Regression analysis - Wikipedia, the free encyclopedia)
'In linear regression, the model specification is that the dependent variable, yi is a linear combination of the parameters (but need not be linear in the independent variables)"
Could anyone elaborate with a real example what constitutes "parameter", "dependent variable", "independent variable" ?