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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.