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The answer lies in the residuals. The best-fit line is the one that minimizes the overall prediction error, making it the most reliable representation of the linear relationship in the data.
That's much easier to understand when you can interact with the data.
So I built this interactive app where you can:
✔ Choose a built-in dataset to play with
✔ Try multiple candidate lines, observe their coefficients and associated cost
✔ Watch the best-fit line with one click
✔ Develop an intuition for linear regression instead of simply memorizing formulas
👉Try it here: https://lnkd.in/dthWYmgA or watch a quick video attached to see it's functionality
K Nearest Neighbours is one of the simplest ML algorithms to understand. It is a non parametric algorithm which does not make any assumptions about the Function
Y = F(X)
Although popular for classification, it can also be used for prediction tasks.
A simple applet like the following helps you see the impact of 'k' (number of neighbours) on the prediction in case of binary/ multi-class classification or prediction/regression task.
Explore the applet here: https://enjoy-stats-knn-classification-regression.streamlit.app/