What are the types of regression analysis?
An example of an AI chatbot conversation about types of regression analysis.
What are the different types of regression analysis?
There are several types of regression analysis, 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 that models the relationship between a dependent variable and one or more independent variables using a straight line. It's used for predicting outcomes.
What about logistic regression?
Logistic regression is used when the dependent variable is categorical. It estimates the probability of a certain class or event, like pass/fail or win/lose.
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. Would you like details on any of these?
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