Question

_________ involves predicting a response with meaningful magnitude, such as quantity sold, stock price, or return on investment. (a) Regression (b) Summarization (c) Clustering (d) Classification The question was asked during an interview for a job. I need to ask this question from Predictive Analytics in chapter Commands, Packages, Visualizing Data and Linear Regression of R Programming Select the correct answer from above options

Answer 1

Right answer is (a) Regression To explain I would say: Regression and classification are two common types predictive models.