Source https://www.analyticsvidhya.com/blog/2017/09/common-machine-learning-algorithms/
It is used to estimate real values (cost of houses, number of calls, total sales etc.) based on continuous variable(s). Here, we establish relationship between independent and dependent variables by fitting a best line. This best fit line is known as regression line and represented by a linear equation
$$Y= a *X + b$$
The best way to understand linear regression is to relive this experience of childhood.
Don’t get confused by its name! It is a classification not a regression algorithm. It is used to estimate discrete values (binary values like 0/1, yes/no, true/false ) based on given set of independent variable(s). In simple words, it predicts the probability of occurrence of an event by fitting data to a logit function. Hence, it is also known as logit regression. Since, it predicts the probability, its output values lies between 0 and 1 (as expected).
Broadly, there are three types of Machine Learning Algorithms..
1. Supervised Learning How it works: This algorithm consist of a target or outcome variable (or dependent variable) which is to be predicted from a given set of predictors (independent variables). Using these set of variables, we generate a function that map inputs to desired outputs. The training process continues until the model achieves a desired level of accuracy on the training data.
