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Categorical Variable
A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other entity to a particular group or nominal category.
Dummy Variables
Variables created to include categorical data in regression models, converting categories to a numerical form.
Confidence Intervals
Ranges within which a population parameter is estimated to lie with a certain level of confidence, often used to indicate the reliability of an estimate.
Regression Coefficients
Parameters in a regression model that quantify the relationship between the dependent variable and each of the independent variables.
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