Which of the following best describes the regression approach to data analytics?
A) An attempt to estimate or predict, for each unit, the numerical value of some variable using some type of statistical model.
B) An attempt to predict a relationship between two data items.
C) An attempt to divide individuals into groups in a useful or meaningful way.
D) An attempt to discover associations between individuals based on transactions involving them.

Question

Quizplus · Accepted Answer

The regression approach involves using statistical models to estimate or predict numerical values for a variable for each unit in a dataset. This is done by analyzing the relationship between the variable of interest and other variables in the dataset.

Which of the Following Best Describes the Regression Approach to Data