Examlex
The aging method is a balance sheet approach of estimating uncollectible accounts.
Qualitative Predictor Variables
Variables that categorize or describe data based on attributes or qualities, such as gender, color, or type, which do not have a numerical value.
Dummy Variables
Numerical variables used in regression analysis to represent subgroups of the sample in a study.
Regression Model
A statistical technique that models and approximates the relationship between a dependent variable and one or more independent variables.
Multicollinearity
A statistical phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, potentially distorting the results.
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