Examlex
Is supply more elastic in the short run or the long run? Why?
Independent Variable
The variable in an experiment that is manipulated or changed to observe its effect on the dependent variable.
Dependent Variable
In statistical modeling, this is the variable being tested and measured, often considered the outcome variable that researchers are interested in explaining or predicting.
Correlation Coefficient
A numerical measure that assesses the strength and direction of the linear relationship between two quantitative variables.
Continuous
Refers to data that can take any value within a given range.
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