Question

Which technique allows us to predict an outcome (either numerical or categorical) based on a set of predictor variables?

1) Regression analysis
2) Classification
3) Clustering
4) Association rule mining

Answer 1

Regression analysis is the technique that allows us to predict an outcome based on a set of predictor variables.

Step-by-step explanation:

The technique that allows us to predict an outcome based on a set of predictor variables is Regression analysis. Regression analysis is a statistical method that helps us understand the relationships between variables and make predictions. It is commonly used when there is a dependent variable and one or more independent variables.