For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
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Definitions:
Regression Analysis
A statistical method used to examine the relationship between a dependent variable and one or more independent variables.
Descriptive Statistics
Statistical procedures that summarize, present, and describe data sets in terms of properties like mean, median, and variance.
Least Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of the squares of the vertical distances of the points from the line.
Calories
Units of energy measurement used to quantify the energy that foods provide to the body.
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