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In General, What Is the Relationship Between Average Level of Income

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In general, what is the relationship between average level of income and population increase for countries around the world?


Definitions:

SSE

Sum of Squares due to Error, a measure used in statistics to quantify the variance within a dataset, representing the discrepancy between the observed and estimated values.

Logistic Regression

A statistical method for analyzing datasets in which there are one or more independent variables that determine an outcome, which is categorical.

Dependent Variable

A variable in an experiment or study that is expected to change in response to changes in another variable, the independent variable.

Independent Variables

Variables in an experiment or regression which are manipulated or categorized to determine their effect on dependent variables.

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