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When Should You Use a Factorial ANOVA Instead of a Simple

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When should you use a factorial ANOVA instead of a simple ANOVA?


Definitions:

Retained Earnings

The portion of net income that is retained by a corporation rather than distributed to its owners as dividends.

Household Purchases

Refers to the total spending by households on goods and services for personal use.

Capital Equipment

Items such as machinery and tools that are used in the production process and have a useful life beyond a single accounting period.

Depreciation

The process by which capital assets decrease in value over time due to use, wear and tear, or becoming outdated.

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