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How Is Discriminant Analysis Different from Multiple Regression

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How is discriminant analysis different from multiple regression?


Definitions:

Socioeconomic Group

A division of society based on social and economic status.

Daily Wage

The amount of money that a worker earns for a day's work, often used in contexts where labor is paid on a day-to-day basis rather than salaried.

Multilateral Aid

Assistance provided by multiple countries or international organizations to support development or humanitarian efforts in other nations.

Collectively Owned

Refers to assets or entities owned jointly by a group of individuals or organizations, sharing both benefits and responsibilities.

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