:chart_with_upwards_trend:Simple linear regression is a fundamental algorithm in machine learning.
:interrobang:It is used for solving regression problems with one input feature and one output feature.
:straight_ruler:The best fit line is created by minimizing the error between the predicted points and the true points.
:abacus:The slope and intercept of the line are determined by the coefficients theta1 and theta0.
:triangular_ruler:The predicted points can be calculated using the equation H(theta) = theta0 + theta1*x.