Regulatory Compliance
Data Science
Statistical methods for estimating relationships between dependent and independent variables.
Detailed Explanation
Regression Analysis is a statistical technique used to model and examine the relationship between a dependent variable and one or more independent variables. It helps predict the dependent variable's values based on independent variables, identify the strength and nature of these relationships, and facilitate decision-making across fields like economics, engineering, and social sciences.
Use Cases
- •Predicting house prices based on features like size, location, and age in real estate market analysis.
Related Terms
Other terms in the Data Science category