Quantile Regression

Steven Dye
Towards Data Science
4 min readFeb 12, 2020

--

Data fitted with quantile regression

When performing regression analysis, It isn’t enough to come up with a numerical prediction to a problem, you also need to express how confident you are in that prediction. For example, if you’re looking at the price for a home in a particular market and your model predicts a house will sell for $262,458.45, how confident can you be that your model’s prediction is exactly right? Hopefully your gut says that there is an infinitesimally small chance that…

--

--