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2.2.1 Introduction To Regression

This document introduces linear regression as a key technique in predictive analytics, emphasizing its role in uncovering patterns and aiding decision-making in organizations. It distinguishes between regression and correlation, highlighting that regression studies relationships between variables while correlation assesses their strength. The content also includes a quote and an ungraded question to reinforce understanding of regression concepts.

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15 views1 page

2.2.1 Introduction To Regression

This document introduces linear regression as a key technique in predictive analytics, emphasizing its role in uncovering patterns and aiding decision-making in organizations. It distinguishes between regression and correlation, highlighting that regression studies relationships between variables while correlation assesses their strength. The content also includes a quote and an ungraded question to reinforce understanding of regression concepts.

Uploaded by

Dev Chan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Course Dates Discussion Notes Syllabus Datasets HBP Case Studies Analytics Dictionary

Course / Module 2: Simple and Multiple Linear Regression / 2.2 Introduction to Regression

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2.2.1 Introduction to Regression


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Linear regression is a fundamental technique in predictive analytics, helping organizations uncover patterns and make informed
decisions. This video introduces regression, explains key concepts, and discusses how businesses use statistical models to generate
insights. Let’s dive into the world of regression analysis.

Regression Introduction
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In this module, I am going to discuss linear


regression one of the supervised learning
algorithms that is to build a regression model we
need both values of dependent variable
and independent variable. I would like to start
with a quote a famous quote by Ronald

Coase he said, "If you torture the data long


enough, it will confess." And aggression is

one of the technique that is frequently used to


 0:00 / 0:00  1.50x      make data confess.
Organizations use different business rules and

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Now that you know what Regression is, let us understand the di erence between Regression and Correlation.

Regression is the study of existence of a relationship between variables.

Correlation is the study of strength of relationship between two variables.

Ungraded Question
0 points possible (ungraded)

Which of the following statements about regression is true?

Regression establishes a causal relationship between variables.

Regression predicts the exact value of the dependent variable without error.

Regression helps nd an association between dependent and independent variables.

Regression is only used for hypothesis testing.


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