A Brief Primer on Linear Regression – Part 1

Prediction has always been a curious topic in life due to a key attribute – the extreme human desire to know what is coming next. Let's ponder over our thoughts to answer a simple question – "Where is prediction most relevant in your life today?" Predictions are central to every aspect of our life, whether we realize it or not. During school days, it was predicting what we would love to do in the future to choose a career path, checking the weather today to determine how should I dress, evaluating inventory numbers for the next day, to less important predictions made daily during our interactions with other people – like doing time management and getting into classes for a student, to dining, socializing, etc. A prediction or forecast, is a statement about the future.