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Nominal Variable
A variable that represents categories with labels or names but which does not have an inherent order.
Indicator Variables
Variables used in statistical models to represent categorical data by assigning numerical values, such as 0 or 1, to different categories.
Indicator Variables
Indicator variables are numerical or categorical variables in statistics that take on a value of 0 or 1 to indicate the absence or presence of a particular characteristic or attribute.
Inferences
The process of drawing logical conclusions about a population based on sample data.
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