13.2 Basic Algorithms
13.2.1 Linear Regression
Linear Regression is a fundamental concept in the world of machine learning and has been a starting point for many machine learning algorithms. This algorithm is used to predict a continuous outcome variable, also known as the dependent variable, based on one or more predictor variables, also known as features. Its popularity lies not only in its ability to predict outcomes but also in its ability to model complex relationships between variables. It allows us to understand the impact of each feature on the outcome variable, and thus, make better decisions based on the insights gained from the model.
Moreover, Linear Regression is a versatile tool that finds its application in various fields like finance, healthcare, and marketing. In finance, it can be used to predict stock prices and company revenues based on the company's financial history. In the healthcare sector, it can be used to predict patient outcomes based on their medical...