The statement Regression analysis is the application of statistical techniques to find patterns and relationships among data for classification and prediction is False.
The use of a statistical method known as data mining is used to identify trends and connections among data in order to categorize and predict outcomes.
Finding the variables that have an effect on an interesting issue can be done with accuracy using regression analysis. One can confidently establish which elements are most important, which ones can be ignored, and how these factors interact when you do a regression.
You must specify a dependent variable that you believe is influenced by one or more independent factors before you can perform a regression analysis.
The next step is to create an extensive dataset to work with. A great technique to create this dataset is by sending surveys to your target audiences.
To learn more about Regression analysis refer to:
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