Lecture 7
Lecture 7
As you have already covered these topics in details in the last semesters, today we will do
the revision. Like, Can you compare Correlation and Regression?
Source: https://keydifferences.com/difference-between-correlation-and-regression.html
Probability: The extent to which an event is likely to occur, measured by the ratio of the
favourable cases to the whole number of cases possible.
Outcome Probability
H 1/2
T 1/2
No of Heads 0 1 2 3
Points to remember
Task:
1. For forecasting which statistical technique can be used - Correlation or
Regression? Kindly explain in detail.
2. Why we need to learn PMF and PDF.