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Covariances
Covariances are measures that indicate the extent to which two random variables change in tandem. A positive covariance indicates that two variables tend to move in the same direction.
Regression Analysis
A numerical approach for analyzing the correlation between a dependent variable and one or more independent variables.
Descriptive Statistics
Statistics that summarize or describe the characteristics of a data set, including measures like mean, median, mode, and standard deviation.
Standard Error
The standard deviation of the sampling distribution of a statistic, commonly the mean, providing a measure of the precision of the estimated mean.
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