For each of the following situations, decide if you would model using a regression or classification model. Discuss your reasoning with your mentor next time you meet.
1. The amount a person will spend on a given site in the next 24 months.
Regression - continuous variable ratio
2. What color car someone is going to buy.
Classification - categorical
3. How many children a family will have.
Classification - categorical
4. If someone will sign up for a service.
Classification - categorical
5. The number of times someone will get sick in a year.
Regression - continuous - ratio
6.The probability someone will get sick in the next month.
Regression - continuous - ratio
7. Which medicine will work best for a given patient.
Classification - categorical