Book Image

Regression Analysis with Python

By : Luca Massaron, Alberto Boschetti
4 (1)
Book Image

Regression Analysis with Python

4 (1)
By: Luca Massaron, Alberto Boschetti

Overview of this book

Regression is the process of learning relationships between inputs and continuous outputs from example data, which enables predictions for novel inputs. There are many kinds of regression algorithms, and the aim of this book is to explain which is the right one to use for each set of problems and how to prepare real-world data for it. With this book you will learn to define a simple regression problem and evaluate its performance. The book will help you understand how to properly parse a dataset, clean it, and create an output matrix optimally built for regression. You will begin with a simple regression algorithm to solve some data science problems and then progress to more complex algorithms. The book will enable you to use regression models to predict outcomes and take critical business decisions. Through the book, you will gain knowledge to use Python for building fast better linear models and to apply the results in Python or in any computer language you prefer.
Table of Contents (16 chapters)
Regression Analysis with Python
Credits
About the Authors
About the Reviewers
www.PacktPub.com
Preface
Index

Chapter 3. Multiple Regression in Action

In the previous chapter, we introduced linear regression as a supervised method for machine learning rooted in statistics. Such a method forecasts numeric values using a combination of predictors, which can be continuous numeric values or binary variables, given the assumption that the data we have at hand displays a certain relation (a linear one, measurable by a correlation) with the target variable. To smoothly introduce many concepts and easily explain how the method works, we limited our example models to just a single predictor variable, leaving to it all the burden of modeling the response.

However, in real-world applications, there may be some very important causes determining the events you want to model but it is indeed rare that a single variable could take the stage alone and make a working predictive model. The world is complex (and indeed interrelated in a mix of causes and effects) and often it cannot be easily explained without considering...