What is Regression Analysis?

Skill Level:

Regression Analysis is a statistical technique used to determine the relationship between independent variables and a dependent variable. By analysing historical data, businesses can make predictions, identify trends, and understand the impact of different factors on business outcomes.

Other Definitions

Game Theory is a mathematical framework used to study and analyse strategic decision-making in situations involving multiple actors or players. It helps businesses understand…
Explainable Artificial Intelligence focuses on developing AI systems that can provide understandable explanations for their decisions and behaviours. Transparent and interpretable AI models are…
Fuzzy Logic is a mathematical framework that deals with uncertainty and imprecision. By assigning degrees of truth to statements, Fuzzy Logic allows businesses to…
A ChatBot is an AI-powered robot that communicates with users via written or spoken language, helping them with tasks or providing information. It uses…