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It is based on least Square estimation which says regression coefficient should be chosen in such as way that it minimizes the s
distance of each observerd response to its fitted value
Y = b0 + b1X1 + b2X2…. (Y-> Dependent var, B0 -> intercept, X1,X2… -> Independent variables, B1, B2… -> rgression coefficients
It is based on maximum likelyhood which says coefficient should be choosen in such a way that it minimizes the probability of Y
X and uses different iterations in which it tries to figure different solutions until it gets max likelyhood estimate