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REGRESSION ANALYSIS#1

A statistical method for modeling the relationship between a dependent variable and one or more independent variables.

PREDICTIVE MODELING#2

The process of creating a model that forecasts future outcomes based on historical data.

DEPENDENT VARIABLE#3

The outcome variable that researchers are trying to predict or explain in a regression model.

INDEPENDENT VARIABLE#4

A variable that is manipulated or categorized to observe its effect on the dependent variable.

SIMPLE REGRESSION#5

A regression model that uses one independent variable to predict the dependent variable.

MULTIPLE REGRESSION#6

A regression model that uses two or more independent variables to predict the dependent variable.

MODEL VALIDATION#7

The process of assessing a model's performance using unseen data to ensure its reliability.

CROSS-VALIDATION#8

A technique for assessing how the results of a statistical analysis will generalize to an independent dataset.

R-SQUARED (R²)#9

A statistical measure that represents the proportion of variance for the dependent variable that's explained by the independent variables.

RESIDUAL#10

The difference between the observed value and the predicted value in a regression model.

NORMALITY ASSUMPTION#11

The assumption that the residuals of a regression model are normally distributed.

HETEROSKEDASTICITY#12

A condition in regression analysis where the variance of residuals is not constant across all levels of the independent variable.

MULTICOLLINEARITY#13

A situation where two or more independent variables in a regression model are highly correlated.

OUTLIER#14

An observation that lies an abnormal distance from other values in a dataset, which can skew results.

MODEL INTERPRETATION#15

The process of making sense of the coefficients and statistical outputs of a regression model.

FORECASTING#16

The act of predicting future values based on past data patterns, often using regression models.

DATASET QUALITY#17

The condition of a dataset, which affects the reliability and validity of the analysis performed.

EXPLORATORY DATA ANALYSIS (EDA)#18

An approach to analyzing datasets to summarize their main characteristics, often using visual methods.

VARIABLE SELECTION#19

The process of selecting a subset of relevant features for use in model construction.

MODEL PERFORMANCE METRICS#20

Quantitative measures used to assess how well a regression model performs, such as MAE and RMSE.

VISUALIZATION#21

The graphical representation of data and model results to facilitate understanding and insights.

PEER REVIEW#22

A process where colleagues evaluate each other's work to provide feedback and improve quality.

FINAL PROJECT#23

A comprehensive assignment that demonstrates students' mastery of regression analysis through practical application.

DATA FORECASTING#24

Using historical data to make informed predictions about future events or trends.

RESIDUAL ANALYSIS#25

The examination of residuals to assess the fit of a regression model and identify potential issues.

MODEL IMPROVEMENT#26

The process of refining a regression model based on residual analysis and performance metrics.