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Where is linear regression used?
Linear regression has many practical use cases, and most of them fall into one of the following two broad kinds:
- If the goal is either a prediction or forecasting, it can be used to build a predictive model to a recognized dataset of dependent and independent values
- If the goal is to determine the strength of a relationship between the target and predictor variables, it can be applied to quantify the change in Y for a given value of X