Practical Data Science using Python - Regression Problems

The video tutorial discusses regression and classification algorithms, focusing on how models are created to encode relationships within data. It explains the importance of performance metrics in evaluating these models. The tutorial delves into regression problems, using house price prediction as an example, and explains linear regression, including the role of predictor and target variables. It highlights the process of finding an optimal linear equation and evaluating its performance by comparing predicted and actual values.

Explain the concept of performance metrics in evaluating machine learning models.

How does the linear regression algorithm find the optimum relationship between variables?

What is the significance of the bias term in a linear regression equation?

What challenges might arise if the predicted values from a regression model are significantly different from actual values?