Linear regression interpretation, logistic regression, overfitting, validation and model metrics.
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- What does a regression coefficient measure?
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The change in the dependent variable for a one-unit increase in the independent variable, holding others constant
- What is the intercept in a regression equation?
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The predicted value of the dependent variable when all independent variables equal zero
- What does R-squared measure?
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The proportion of variance in the dependent variable explained by the independent variables
- What is a residual?
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The difference between the observed value and the predicted value for a data point
- How do correlation and regression differ?
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Correlation measures the strength of association between two variables; regression predicts one variable from another
- What does adjusted R-squared account for?
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The number of predictors in the model, penalizing for adding variables that do not improve fit
- What is multicollinearity?
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High correlation among independent variables, which inflates standard errors and reduces reliability of coefficients
- What are the five key assumptions of linear regression?
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Linearity, independence of errors, homoscedasticity, normality of residuals, and no multicollinearity
- What is heteroscedasticity?
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Non-constant variance of residuals across different levels of the independent variable
- What is autocorrelation?
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Correlation of residuals with their own past values, common in time-series data
- What is overfitting?
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A model that learns the training data too well, including its noise, resulting in poor generalization to new data
- How does overfitting affect performance metrics?
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Training metrics appear excellent while test metrics degrade, showing a large gap between them
- What is underfitting?
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A model that is too simple to capture the underlying pattern in the data
- What is train-test split?
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Dividing data into two subsets to train the model on one and evaluate it on the other
- What is k-fold cross-validation?
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Dividing data into k subsets, training k models each leaving out one fold, then averaging performance metrics