What are the applications of non-linear regression?
An example of an AI chatbot conversation about applications of non-linear regression.
What are the applications of non-linear regression?
Non-linear regression is used in various fields like finance, biology, and engineering to model complex relationships.
Can you give me an example in biology?
Sure! In biology, non-linear regression can model population growth, where growth rates change over time.
What about its use in finance?
In finance, it's often used to model the relationship between risk and return, especially in options pricing.
Are there any limitations to using non-linear regression?
Yes, it can be more complex to interpret and may require more data to achieve accurate results.
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