Regression-Analysis
Table of Content:
Definition
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Regression is a technique to determine the relationship between two or more variables.
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You can apply regression to scenarios that require prediction or causal inference.
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You can use regression to understand the extent to which the area of a house affects the housing prices.
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Regress means predicting one variable from another.
What can Regression Show ?
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Regression can show how one variable varies with respect to another variable.
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For example, the price of a wine bottle can vary depending on the average growing season temperature.
What Regression cannot show ?
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Regression cannot show any causal relationship between two variables.
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For example, if the area of the house is an independent variable and the price of the house is a dependent variable, you cannot conclude that houses with larger areas will increase the price of the house.
Topic Summary
- Correlation is a measure that describes the strength of relationship between two variables .
- Regression explains in more detail about this strength