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Type of Variable in Regression Analysis
There are two types of variable in regression analysis. These are:
a. Dependent variable
b. Independent variable
Dependent variable is one whose value is influenced or predicted while independent variable is one which influences the value or used for prediction of other variable. Independent variable is also known as regress or predictor or explainer while the dependent variable is also termed as regressed predicted or explained variable.
Empirical Mode Where mode is ill-defined, its value may be ascertained by the following formula based upon the empirical relationship between Mean, Median and Mode: Mode = 3
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