Regression is a basic but important method that data scientists use to predict numbers based on existing information. Think of it like predicting house prices based on features like size and location, or forecasting sales numbers using past data. When you see this term in resumes, it means the person knows how to use data to make practical predictions that help businesses make decisions. While there are different types like "linear regression" or "logistic regression," they all serve the same basic purpose: using patterns in existing data to make educated guesses about future outcomes or unknown values.
Developed regression models to predict customer churn rates, reducing customer loss by 25%
Applied regression analysis to optimize pricing strategies for retail products
Created regression algorithms to forecast quarterly sales with 90% accuracy
Typical job title: "Data Scientists"
Also try searching for:
Q: How do you choose the right type of regression for a business problem?
Expected Answer: A senior candidate should explain how they match business needs with different prediction methods, considering factors like the type of data available and the specific business goal. They should mention examples of successfully choosing and implementing these methods in past projects.
Q: How do you explain regression results to non-technical stakeholders?
Expected Answer: Should demonstrate ability to translate complex statistical findings into clear business insights, using simple language and relevant business metrics that executives can understand and act upon.
Q: What steps do you take to validate a regression model?
Expected Answer: Should explain how they check if predictions are reliable, including testing with new data and ensuring the predictions make practical business sense.
Q: How do you handle missing or incorrect data in your analysis?
Expected Answer: Should describe practical approaches to dealing with incomplete or messy data, including methods to clean data and ensure accurate predictions.
Q: Can you explain what regression is in simple terms?
Expected Answer: Should be able to explain that regression is about predicting numbers based on existing data, using simple examples like predicting house prices or sales numbers.
Q: What tools do you use for regression analysis?
Expected Answer: Should mention common software and tools used for analysis, showing familiarity with basic data analysis packages and how to use them.