Examlex
What effect does a price hike have on the total revenue of the producers?
Quantitative Variable
A type of variable that represents measurable quantities and can be expressed in numeric values.
Time Plots
Charts that display values against time, allowing for the observation of trends, patterns, and seasonal variations in data series.
Explanatory Variable
In statistical modeling, an explanatory variable is one that is manipulated or categorized to assess its effect on a response variable.
Scatterplot
A type of graph used in statistics to display values for two variables for a set of data.
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