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What Are Some of the Most Important Questions a Feasibility

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What are some of the most important questions a feasibility analysis answers and what model may be of value in this process?


Definitions:

Dependent Variables

Dependent variables are the outcomes or responses that researchers are trying to explain or predict, which change based on other variables.

Indicator Variable

A dummy variable that assigns a value of 0 or 1 to categorical data for use in regression analysis.

Dummy Variable

A binary variable used in statistical models to represent the presence or absence of a characteristic or effect.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, serving as a critical value for decision-making in hypothesis testing.

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