Four-year-old nathan has not wet his bed for over a year. however, he starts bed-wetting again soon after his sister is born. Nathan’s behavior best illustrates Regression.
Regression is a statistical technique used in finance, investment, and other fields to determine the relationship between a dependent variable (usually denoted by Y) and a set of other variables (known as independent variables). We try to assess strengths and characteristics.
In statistical modeling, regression analysis is a set of statistical processes for estimating the relationship between a dependent variable and one or more independent variables.
Example: We say that age and height can be described using a linear regression model. A person's height increases with age, so there is a linear relationship. Regression models are often used as statistical evidence for claims about everyday facts.
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