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1. Understanding Linear Relationships: Definition: Linear regression is a statistical method used to model the relationship between a dependent variable (Y) and one or more independent variables (X) by fitting a linear equation (a straight line) to the data. Understanding Linear Relationships: In a linear regression model, the relationship between the dependent variable and the […]

Methods of Regression: Overview of Different Regression Methods, Use Cases, and Applicability Regression analysis encompasses a variety of methods that can be applied depending on the characteristics of the data and the research objectives. Below is an overview of different regression methods, along with their common use cases and applicability: 1. Linear Regression: Overview: Linear