What Is Linear Regression
What Is Linear Regression
Linear regression is one of the most widely known time series forecasting
techniques which is used for predictive modelling. As the name suggests, it
assumes a linear relationship between a set of independent variables to that
of the dependent variable (the variable of interest).
Below is the equation to the linear regression model, we all are well aware
of it
y=mx+c
C is the constant
What is Correlation?
Variables within a dataset can be related for lots of reasons.
For example:
A correlation could be positive, meaning both variables move in the same direction, or
negative, meaning that when one variable’s value increases, the other variables’ values
decrease. Correlation can also be neutral or zero, meaning that the variables are
unrelated.