Chapter 6. Regression Models
Finally we are going to start with the machine learning algorithms. You learned earlier that primarily, there are two kinds of supervised machine learning algorithms and regression is one of them. Before you start with different regression algorithms and techniques available with ML Studio, we will try to know more about regression analysis and why it is used.
Understanding regression algorithms
Consider that you live in a locality and you've got the following dataset that has all the transactions of different properties sold in the area along with the property details. Let's take a look at the following table:
|
Property Type |
Area (Sq feet) |
Price ($) |
|---|---|---|
|
D |
2000 |
500,000 |
|
T |
1500 |
200,000 |
|
F |
1400 |
300,000 |
|
T |
1000 |
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