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…
Weak AI, also known as Narrow AI, refers to AI systems designed to perform specific tasks with human-like intelligence, but without true general intelligence….
Predictive Analytics uses historical data and statistical modelling techniques to make predictions about future outcomes. By analysing patterns and trends within data, businesses can…
Clustering in AI refers to the process of grouping similar data points together based on their inherent characteristics or attributes. By identifying patterns or…