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Use the figure below to answer the following questions. Figure 9.3.3
-Consider an initial budget line labelled RS in Figure 9.3.3.If the budget line becomes RT,the income effect is illustrated by the move from point
Independent Variable
The variable in an experiment or study that is manipulated or changed to observe its effects on the dependent variable.
Sum Of Squares
A statistical technique used in regression analysis to determine the dispersion of data points.
Regression
A statistical method used to examine the relationship between one or more independent variables and a dependent variable.
Dependent Variable
The variable in an experimental setting that is expected to change in response to manipulations in the independent variable.
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