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GlossaryData ScienceRegression Analysis

Regression Analysis

[rɪˈɡreʃən əˈnæləsɪs]
Data Science
Last updated: December 9, 2024

Definition

Statistical methods for estimating relationships between dependent and independent variables.

Detailed Explanation

Regression analysis encompasses various techniques linear polynomial multiple to model relationships between variables. It includes parameter estimation model validation and hypothesis testing about relationships between variables.

Use Cases

1. Price prediction 2. Impact analysis 3. Scientific modeling 4. Economic forecasting

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