List at least two advantages and one disadvantage for using

List at least two advantages and one disadvantage for using linear models.

Solution

ADVANTAGES:-

1-The principal advantage of linear regression is its simplicity, interpretability, scientific acceptance, and widespread availability.

2-Linear regression is the first method to use for many problems. Analysts can use linear regression together with techniques such as variable recoding, transformation, or segmentation.

3-Linear regression is widely available in statistical software packages and business intelligence tools

DISADVANTAGES-

Its principal disadvantage is that many real-world phenomena simply do not correspond to the assumptions of a linear model; in these cases, it is difficult or impossible to produce useful results with linear regression