Examlex
An accountant is completing a trend analysis for a company by comparing sales for years 2003 through 2013.The base year for the calculations is 2003.
Correlation Matrix
A table showing the correlation coefficients between several variables, which can indicate the strength and direction of the relationship between pairs of variables.
Multicollinearity
A situation in regression analysis where two or more predictor variables are highly correlated, potentially undermining the statistical validity of the analysis.
High Correlation
Indicates a strong statistical relationship between two variables, implying that changes in one variable are closely related to changes in another.
Independent Variables
Factors in a study or simulation that are intentionally altered to see how they impact the variables that depend on them.
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