What is regression analysis?

What is regression analysis?

Regression analysis is a statistical method used to understand the relationship between variables. It helps in predicting outcomes.

Can you explain the different types of regression?

Sure! The main types include linear regression, logistic regression, and polynomial regression, each serving different purposes.

How is linear regression different from logistic regression?

Linear regression predicts continuous outcomes, while logistic regression is used for binary outcomes, like yes/no decisions.

What are some real-world applications of regression analysis?

Regression analysis is used in finance for risk assessment, in healthcare for predicting patient outcomes, and in marketing for sales forecasting.

How do I perform a regression analysis?

You can perform regression analysis using software like R or Python. You'll need to collect data, choose a model, and interpret the results.