The correct answer is False.
caret stands for C omprehensive A utomated R egression E valuation Tools. It is a free, open-source software library for machine learning. It provides a number of functions for data preparation, model training, and model evaluation.
Classification is the process of assigning a label to an object. For example, classifying an image as a cat or a dog. Regression is the process of predicting a continuous value. For example, predicting the price of a house.
caret does not stand for classification and regression training. It stands for comprehensive automated regression evaluation tools.