An Example of a Qualitative Variable Is the Mileage of a Car

question 23

True/False

An example of a qualitative variable is the mileage of a car.

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Definitions:

Multicollinearity

A situation in regression analysis where two or more predictor variables are highly correlated, potentially leading to difficulties in estimating the relationship between variables and outcomes.

Correlation Matrix

A table showing correlation coefficients between sets of variables, used to understand relationships and dependencies among them.

Variables

Elements, features, or factors that are likely to vary or change among subjects in a study or model.

Analysis

The process of examining data or information in order to understand its components, identify relationships, and evaluate patterns.