Summary
In this chapter, we discussed linear regression in more detail after a brief introduction in the previous chapter. Certainly, the discussion on linear regression led to a series of diagnostics that gave directions to discussing other type of regression algorithms. Quantile, polynomial, ridge, LASSO, and elastic net, all of these are derived from linear regression, with the differences coming from the fact that there are some limitations in linear regression that each of these algorithms helped overcome. Poisson and Cox proportional hazards regression model came out as a special case of regression algorithms that work with count and time-to-event dependent variables, respectively, unlike the others that work with any quantitative dependent variable.
In the next chapter, we will explore the second most commonly applied machine learning algorithm and solve problems associated with it. You will also learn more about classification in detail. Chapter 5, Classification, similar to this...