Examlex
If advertising makes demand of a product more elastic,it makes sense for a firm to
Regression Coefficient
A value that represents the degree of change in the dependent variable for a one-unit change in an independent variable within a regression model.
Dependent Variable
In statistical modeling and experimental design, the variable being tested and measured, which is expected to change in response to changes in independent variables.
R Square
A statistical measure that represents the proportion of the variance for a dependent variable that's explained by one or more independent variables in a regression model.
Independent Variables
Variables in an experiment that are manipulated or changed to observe their effect on dependent variables.
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