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Here’s a list of 100 facts about regression models:
- Regression models are a type of supervised learning algorithm.
- They are used for predicting a continuous target variable.
- Common types of regression models include linear regression, polynomial regression, ridge regression, and lasso regression.
- Regression models are trained on a labeled dataset, where each example has a known numerical target value.
- The output of a regression model is a continuous numerical value.
- Evaluation metrics for regression models include Mean Squared Error (MSE), Mean Absolute Error (MAE), and R-squared.
- MSE penalizes large errors more than MAE, making it sensitive to outliers.
- R-squared measures the proportion of the variance in the target variable that is predictable from the independent variables.
- Residuals are the differences between the predicted and actual values in regression models.
- Heteroscedasticity refers to the situation where the variability of residuals is not constant across all levels of the independent variable.
- Multicollinearity occurs when independent variables in a regression model are highly correlated.