How will you explain linear regression to a non-tech person?
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Linear regression is a method used to understand and predict relationships between two variables. Imagine you're trying to figure out how the price of a house is determined. Linear regression helps us make sense of this by finding a straight line that best fits the data.
Imagine a graph with dots showing houses. One side shows how big the houses are (square feet), and the other side shows their prices. Linear regression creates a line that goes through these dots to show the overall pattern.
Now, why is this helpful? Once you have this line, you can estimate how much a house of a certain size might cost, even if you haven't seen one like it before. It's like having a guide to make smarter choices when buying or selling houses.