Examlex
What are winter beaches and summer beaches? How can the same beach have two such different seasonal profiles?
Interaction Term
A variable in statistical models that captures the effect of two or more variables simultaneously affecting a response variable.
Significance Level
The probability of inappropriately disapproving the null hypothesis in a study of statistics, generally labelled as alpha.
Linearly Related
Shows a direct correlation between two variables in which the rate of increase or decrease in one variable is consistent with the rate in the other variable.
Indicator Variables
Indicator variables, also known as dummy variables, are used in statistical models to represent categorical data by assigning a binary value (usually 0 or 1) to each category.
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