Examlex
Given the histogram below, which statement is true?
Regression Model
A statistical approach for estimating the relationships among variables, often used for prediction and forecasting.
Dummy Variables
Variables created to assign numerical values to categorical data, often used in regression analysis to include qualitative factors as independent variables.
Qualitative Variables
Variables that categorize or describe attribute characteristics without a natural numerical order or ranking.
Regression Model
A mathematical model that describes the relationship between a dependent variable and one or more independent variables.
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