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Regression analysis is a statistical method employed to predict continuous outcomes by examining relationships between variables. It covers both simple and multiple linear regression techniques using Python, emphasizing model fitting and evaluation metrics for effective predictive performance.
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References
Chapter 10_ Regression Analysis.pdfClass Notes
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Term: Regression
Definition: A statistical method used to examine the relationship between variables, particularly to predict a continuous outcome.
Term: Simple Linear Regression
Definition: A regression method that models the relationship between a single independent variable and a dependent variable.
Term: Multiple Linear Regression
Definition: A regression approach that uses two or more independent variables to predict a dependent variable.
Term: Evaluation Metrics
Definition: Statistical measures such as MAE, MSE, and R-squared that assess the performance of regression models.
Term: Assumptions of Regression
Definition: Conditions such as linearity, homoscedasticity, and absence of multicollinearity that must be validated for reliable predictions.