Supervised learning, specifically regression, involves using past data to predict continuous outcomes, like house prices based on factors such as size and location.
Regression algorithms learn the relationship between input features and continuous outputs, with types like linear regression handling linear relationships and more complex algorithms dealing with non-linear patterns.
Regression is significant in making predictions about the future across fields like finance, healthcare, and marketing, offering valuable insights for decision-making and outcome improvement.
Applications of regression span various fields such as finance, healthcare, marketing, environmental science, and engineering, empowering automation, efficiency, and new insights from data.