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Advantages of Linear Regression in Complex Situations

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How does a linear regression allow us to better estimate trends, costs, and other factors in complex situations?

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Linear regression estimates the line of best fit for any given data. By simply looking at the line of best fit or the regression line for any given data, we can have a general idea of the trend. We can easily assess whether the dependent variable is increasing or decreasing with the independent variable. We can also estimate the rate ...

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  • MSc, Indian Institute of Technology - Roorkee (I.I.T.-ROORKEE)
  • BSc, Banaras Hindu University
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