What are the different types of regression in statistics?
An example of an AI chatbot conversation about types of regression in statistics.
What are the different types of regression in statistics?
There are several types of regression, including linear regression, logistic regression, polynomial regression, and more. Would you like to know about a specific type?
Can you explain linear regression?
Linear regression is a method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.
What about logistic regression?
Logistic regression is used for binary classification problems. It models the probability that a given input belongs to a particular category.
Are there any other types I should know about?
Yes, there's also polynomial regression, which fits a polynomial equation to the data, and ridge regression, which adds a penalty to prevent overfitting.
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