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

Automation involves the use of technology, including AI, to perform tasks and processes with minimal human intervention. By automating repetitive or time-consuming tasks, businesses…
ChatGPT is an AI model developed by OpenAI that excels in generating human-like text-based responses. Powered by advanced language models and deep learning techniques,…
Ensemble Learning involves combining multiple Machine Learning models to achieve superior performance and accuracy. By leveraging the “wisdom of the crowd,” Ensemble Learning mitigates…
Graph Neural Networks are machine learning models designed to handle data structured as graphs. They can capture relationships and dependencies between entities and perform…