Tag: Regression Analysis

Regression analysis is one of the most fundamental tasks in data-oriented industries. In simple words, it involves finding a relationship between independent and dependent variables (attributes) in a given dataset. Consider the example of a house price prediction problem—given the size and number of bedrooms, we want to predict the price of a house. This is a simple regression problem where the size of the house and the number of bedrooms are the independent variables and the price of the house is the dependent variable.