What is Regression Analysis?

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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

Pattern Recognition is an AI technique that recognises patterns and structures in data. This approach involves identifying common features or characteristics and using these…
Machine Vision refers to the use of AI and computer vision techniques to enable machines to perceive and understand visual information. It involves analysing…
Expert Systems are AI systems that emulate human expertise in specific domains. By capturing and codifying human knowledge, Expert Systems assist businesses in decision-making,…
Dimensionality Reduction is the process of reducing the number of variables or features in a dataset while retaining its essential information. By eliminating irrelevant…