What role does regression analysis play in machine learning algorithms?
Regression analysis is a cornerstone of machine learning, serving as both a statistical strategy and a machine learning tool to model and analyze relationships between variables. It plays a pivotal role by allowing you to predict a continuous outcome variable based on one or more predictor variables. This process is fundamental in various fields, including economics, biology, and engineering, where forecasting future trends or behaviors is essential. In the context of machine learning, regression models are trained using historical data to make predictions, which are then refined through iterative learning.