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Which Factor(s)determine the Type of Tools Needed for an Analysis

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Which factor(s) determine the type of tools needed for an analysis?


Definitions:

Nominal Variable

A nominal variable is a type of categorical variable for which there is no natural ordering among the categories.

Regression Line Formula

An equation that describes the best-fitting straight line through a set of points, indicating the relationship between two variables.

Regression Line

A line of best fit through a scatter plot of data points that shows the relationship between two variables.

Multiple-Regression Formula

An equation that models the relationship between a dependent variable and two or more independent variables, predicting the dependent variable based on the independents.

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