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Which of the following is a common application of regression analysis?

Practice Questions

Q1
Which of the following is a common application of regression analysis?
  1. Image classification
  2. Spam detection
  3. Predicting house prices
  4. Customer segmentation

Questions & Step-by-Step Solutions

Which of the following is a common application of regression analysis?
  • Step 1: Understand what regression analysis is. It is a statistical method used to understand the relationship between variables.
  • Step 2: Identify the type of outcomes regression analysis predicts. It is commonly used to predict continuous outcomes.
  • Step 3: Think of an example of a continuous outcome. One common example is predicting house prices.
  • Step 4: Consider the features that might affect house prices, such as location, size, and number of bedrooms.
  • Step 5: Conclude that regression analysis helps in predicting house prices based on these features.
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