Question

State the uses of Regression Analysis.

Answer 1

Regression analysis is widely used for prediction and forecasting, where its use has substantial overlap with the field of machine learning. Regression analysis is also used to understand which among the independent variables are related to the dependent variable, and to explore the forms of these relationships.

Answer 2

REGRESSION ANALYSIS WIDELY USED FOR PRODUCTION AND FORECASTING , WHERE ITS USE HAS SUBSTANTIAL OVERLAP WITH THE FIELD OF MACHINE LEARNING. IT IS ALSO USED TO UNDERSTAND WHICH AMONG THE INDEPENDENT VARIABLES ARE RELATED TO THE DEPENDENT VARIABLE , AND TO EXPLORE THE FORMS OF THESE RELATIONSHIPS.