Examlex
Involves evaluating credit applications and collecting amounts owed by credit customers.
Nominal Independent Variable
A variable used in statistical analysis that represents categories without a natural order or ranking.
Indicator Variables
Binary variables that represent presence (1) or absence (0) of a characteristic.
Multiple Regression Model
A statistical procedure involving multiple predictor variables to calculate the outcome of a target variable.
Annual Income
The total amount of income earned in one fiscal year before deductions.
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