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Using Simple Common Sense Can Be Very Helpful in Making

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Using simple common sense can be very helpful in making decisions.


Definitions:

Simple Linear Regression

a statistical method that models the relationship between a dependent variable and one independent variable using a linear equation.

Regression Model

A statistical model that estimates the relationship between a dependent variable and one or more independent variables.

Regression Analysis

A statistical technique used to model and analyze the relationship between a dependent variable and one or more independent variables.

Positively Skewed

A distribution shape where the right tail (higher values) is longer, indicating that the mean and median are greater than the mode.

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