Performing Linear Regression Analysis
Linear Regression enables the identification of trends in your data. To provide an example, this analysis method is useful when you want to know how much marketing budget will roughly lead to how much sales of your product. Linear regression in this case can provide you with an estimation of sales for future planned marketing budgets based on historical records that are required to make those future predictions.
The analysis method learns from historical data using the least squared (errors) method in order to provide a rough estimation of future values.
In this context big data enables most likely a better prediction of future trends, because of the availability of more historical records.
More Information about the Analysis
We recommend to look the following video to get a deeper understanding of our explained analysis method:
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How to perform simple linear regression analysis: http://goo.gl/r8RFiK
Posted by big-data.tips on Friday, March 18, 2016