14.1 Linear Regression
Linear Regression is a powerful supervised learning algorithm that enables us to predict a numerical label by establishing a linear relationship between the dependent variable Y and one or more independent variables X using the best fit straight line, also known as the regression line.
The best fit line is obtained by minimizing the sum of distances between the predicted values and the actual values, also called residuals, of the dependent variable Y. This approach ensures that the predictions are as accurate as possible.
Furthermore, Linear Regression has various applications in different fields, such as finance, economics, and social sciences. It can be applied to predict stock prices, to understand the relationship between income and education level, and to analyze the impact of advertising on consumer behavior.
The simplicity of the algorithm lies in its ability to find the best-fitting straight line through the data points, which can be easily visualized...