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I basically agree with @John, let me expand: We want to model $y$ using a simple linear model, the most basic setup is $$y = c + \mathbf{X}\beta$$ with $y$ the $N$ observations, $c$ a constant, $\mathbf{X}$ the $N \times M$ matrix of regressors and $\beta$ a $M$-dimensional vector of coefficients. This model has $M$ parameters, the elements of $\beta$. ...