What are some common regression algorithms
Which are the popular regression algorithms and what is their approach on modelling the relationship between features and the target variable?
Regression algorithms are essential in supervised machine learning, used to model the relationship between input features and a continuous target variable. Here are some commonly used regression algorithms:
Linear Regression:
- Description: Models the relationship as a linear equation between the input features and the target variable.
- Use Case: Predicting house prices based on size, location, and other features.
- Key Feature: Simple and interpretable, works well with linearly separable data.
Polynomial Regression:
- Description: Extends linear regression by fitting a polynomial curve to the data.
- Use Case: Captures non-linear relationships, such as modeling growth rates or complex trends.
- Key Feature: Handles non-linearity by transforming features into polynomial terms.
Ridge and Lasso Regression:
- Description: Variants of linear regression with regularization to prevent overfitting.
- Ridge: Adds L2 regularization (penalizes large coefficients).
- Lasso: Adds L1 regularization (can shrink some coefficients to zero).
- Use Case: High-dimensional datasets with multicollinearity or sparse features.
- Key Feature: Helps improve generalization in predictive models.
Logistic Regression:
Description: Despite its name, it is commonly used for classification but can handle specific regression problems involving probabilities.
Use Case: Binary classification tasks like spam detection.
Support Vector Regression (SVR):
- Description: Uses a margin of tolerance to fit the best hyperplane for regression tasks.
- Use Case: Works well for small to medium-sized datasets with complex relationships.
- Key Feature: Robust to outliers and effective for non-linear data.
Decision Tree Regression:
- Description: Splits data into subsets based on feature values, forming a tree structure.
- Use Case: Predicts continuous values while handling non-linear data.
- Key Feature: Easy to interpret and handle mixed types of data.
Each algorithm has its strengths and is chosen based on the dataset and problem complexity.