Linear regression models are relatively simple and provide an easy-to-interpret mathematical formula that can generate generate predictions. Linear regression can be applied to various areas in business and academic study.
You’ll find that linear regression is used in everything from biological, behavioral, environmental and social sciences to business. Linear regression models have become a proven way to scientifically and reliably predict the future. Because linear regression is a long-established statistical procedure, the properties of linear regression models are well understood and can be trained very quickly.