Examlex
In a first-order model with two predictors x1 and x2,an interaction term may be used when the:
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true, serving as a critical value for decision-making in hypothesis testing.
Coefficient
A numerical or constant quantity placed before and multiplying the variable in an algebraic expression (e.g., in math or statistics).
Dummy Variables
Numerical variables used in statistical modeling to represent subgroups of the sample in regression analyses.
Nominal Variable
A type of variable that represents categories with no inherent numeric value or order.
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