Question

Regression  

18 Jul 2023
Answer :
Word Count : 530

Regression: 

Regression analysis is a powerful statistical technique used to model the relationship between a dependent variable (also known as the outcome or target variable) and one or more independent variables (predictors or features). Its primary goal is to predict the value of the dependent variable based on the values of the independent variables. Regression is widely used in various fields, including economics, finance, social sciences, engineering, and machine learning.

Simple Linear Regression

Simple linear regression is the most basic form of regression, involving only one independent variable. The relationship between the dependent variable (Y) and the independent variable (X) is assumed to be linear and can be represented by the equation:

Y = β0 + β1 * X + ε

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