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Among the following options identify the one which is false regarding regression.(1 Point)It is used for the predictionIt is used for interpretationIt relates inputs to outputsNone of these

Question

Among the following options identify the one which is false regarding regression.(1 Point)It is used for the predictionIt is used for interpretationIt relates inputs to outputsNone of these

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Solution

The false statement regarding regression is: None of these.

Explanation:

  1. Regression is used for prediction: This is true. Regression analysis is a form of predictive modelling technique which investigates the relationship between a dependent (target) and independent variable (s) (predictor). This technique is used for forecasting, time series modelling and finding the causal effect relationship between the variables.

  2. Regression is used for interpretation: This is also true. The coefficients of the independent variables in the regression equation are interpreted as the change in the dependent variable for each one unit change in the respective independent variable, holding other variables in the model constant.

  3. It relates inputs to outputs: This is true as well. Regression analysis predicts the output (dependent variable) based on the input (independent variables).

  4. None of these: This is false because all of the above statements are true about regression.

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