Provide an elaborate explanation (no less than 200 words) of the difference between regression analysis, clustering....

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Provide an elaborate explanation (no less than 200 words) of the difference between regression analysis, clustering. Do not focus on the obvious differences of the approach, but rather on what is the appropriate utilization (when to use), type of data it handles, ease of interpretation/why, ease of implementation, need for additional processing for final result reporting, etc. Continue with a follow-up analysis on how are statistical measures important and applicable in the presence of the more advanced tools you just addressed. (no less than 100 words) Include examples, details of various measures we have covered during the semester and how are these supportive in the empirical methods research. Provide an elaborate explanation (no less than 200 words) of the difference between regression analysis, clustering. Do not focus on the obvious differences of the approach, but rather on what is the appropriate utilization (when to use), type of data it handles, ease of interpretation/why, ease of implementation, need for additional processing for final result reporting, etc. Continue with a follow-up analysis on how are statistical measures important and applicable in the presence of the more advanced tools you just addressed. (no less than 100 words) Include examples, details of various measures we have covered during the semester and how are these supportive in the empirical methods research.

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The differences between regression and clustering are given as Regression is a supervised learning t... View the full answer