Overview
Regression algorithms are essential tools in data analysis, allowing us to model relationships between variables and make predictions. They can be applied in various fields, from economics to healthcare, helping to inform decisions based on data-driven insights. Understanding the different types of ...
Key Terms
Example: Using regression to predict sales based on advertising spend.
Example: Predicting weight based on height.
Example: Determining if an email is spam or not.
Example: A model that performs well on training data but poorly on test data.
Example: A lower RMSE indicates a better fit of the model.
Example: An R² value of 0.8 means 80% of the variance is explained.