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Specify a problem that one could use regression analysis to solve.
Solution
Regression analysis is widely used for prediction and forecasting, where its use has substantial
overlap with the field of machine learning. Regression analysis is also used to understand which
among the independent variables are related to the dependent variable, and to explore the forms
of these relationships. In restricted circumstances, regression analysis can be used to infer causal
relationships between the independent and dependent variables.

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Specify a problem that one could use regression analysis to solve..pdf

  • 1. Specify a problem that one could use regression analysis to solve. Solution Regression analysis is widely used for prediction and forecasting, where its use has substantial overlap with the field of machine learning. Regression analysis is also used to understand which among the independent variables are related to the dependent variable, and to explore the forms of these relationships. In restricted circumstances, regression analysis can be used to infer causal relationships between the independent and dependent variables.