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

Digital assistants, also known as Virtual Assistants or Chatbots, are AI-powered software applications that can engage in conversations and perform tasks on behalf of…
Hyperparameters are parameters that are set before the training of an AI model. They control the behaviour and performance of the model, such as…
Fuzzy Logic is a mathematical framework that deals with uncertainty and imprecision. By assigning degrees of truth to statements, Fuzzy Logic allows businesses to…
Machine Learning is a powerful branch of Artificial Intelligence (AI) that focuses on enabling computer systems to learn and improve from experience without being…