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"LED" Stands For

question 14

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"LED" stands for:


Definitions:

Predict the Value

The process of using information from existing data or a statistical model to estimate or forecast the value of an unknown variable.

ANOVA

Analysis of Variance, a statistical method used to compare the means of three or more samples to see if at least one is significantly different from the others.

Factor Analysis

A statistical approach aimed at uncovering the foundational variables, or factors, responsible for the correlations seen among various observed variables.

Path Analysis

A statistical method employed to explain the directional dependencies between multiple variables.

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