What are some real-world applications of linear models?
An example of an AI chatbot conversation about applications of linear models in various fields.
What are some real-world applications of linear models?
Linear models are widely used in fields like economics, biology, and engineering for predictions and analysis.
Can you give me an example in economics?
Sure! In economics, linear regression can predict consumer spending based on income levels.
What about in healthcare?
In healthcare, linear models can analyze the relationship between patient age and blood pressure levels.
Are there any limitations to using linear models?
Yes, linear models assume a linear relationship and may not capture complex patterns in data.
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