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Refer to the information provided in Figure 26.4 below to answer the question(s) that follow. Figure 26.4
-Refer to Figure 26.4. Suppose the economy is at Point A, an oil price increase could move the economy to Point
Simple Effect
Effect of one independent variable at one of the levels of another independent variable.
Independent Variable
The factor in a study that the experimenter alters to see how it impacts the outcome variable.
Dependent Variable
A variable in an experiment or study whose changes depend on the manipulation of the independent variable.
Interaction Effect
A situation in statistical analysis where the effect of one independent variable on the dependent variable is different at different levels of another independent variable.
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