Explain whether each scenario is a classification or regression problem, and indicate whether we are most interested in inference or prediction. Finally, provide n and p. (a) We collect a set of data on the top 500 firms in the US. For each firm we record profit, number of employees, industry and the CEO salary. We are interested in understanding which factors affect CEO salary. (b) We are considering launching a new product and wish to know whether it will be a success or a failure. We collect

Classification vs Regression | IBM

Understanding Logistic Regression for Machine Learning Classification (Part 14 of 17) | Machine Learning for Beginners