Dimensionality Reduction is the process of reducing the number of variables or features in a dataset while retaining its essential information. By eliminating irrelevant or redundant features, businesses can simplify data analysis, improve model performance, and reduce computational complexity. Dimensionality Reduction techniques include Principal Component Analysis (PCA) and t-SNE.
Regression Analysis is a statistical technique used to determine the relationship between independent variables and a dependent variable. By analysing historical data, businesses can…