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

Hyperparameters are parameters that are set before the training of an AI model. They control the behaviour and performance of the model, such as…
Bias in AI refers to systematic errors or prejudices that can occur within AI systems due to biased training data, faulty algorithms, or human…
Supervised Learning is a Machine Learning approach where models are trained using labelled data, with both input and output pairs. By learning from the…
Dimensionality Reduction is the process of reducing the number of variables or features in a dataset while retaining its essential information. By eliminating irrelevant…