Regression analysis is a statistical method used to model relationships between variables. It helps predict outcomes based on historical data and is widely applied in fields like economics, machine learning, and social sciences.
🔍 Key Concepts
- Dependent Variable: The outcome you want to predict (e.g., house prices)
- Independent Variables: Factors influencing the outcome (e.g., square footage, location)
- Line of Best Fit: A mathematical model that minimizes errors between predicted and actual values
📈 Types of Regression
Linear Regression
Models relationships with a straight line:y = mx + b
Logistic Regression
Used for binary classification problems (e.g., spam detection)Polynomial Regression
Fits curves for non-linear relationships
🧠 Applications
- Predicting stock market trends
- Estimating customer churn rates
- Analyzing scientific experiments
For deeper insights into regression types, visit our Regression Types Tutorial.