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

Time Series Analysis is an AI technique that analyses data points collected over time. This approach involves detecting trends, patterns, and seasonality in the…
Feature Extraction refers to the process of identifying and selecting the most relevant features from raw data to enhance AI model performance. By extracting…
Object Detection is an AI technique that identifies and localises objects within an image or video. It involves analysing the visual data and assigning…
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…