Categorical Data

Chi-Square Test
A statistical method to test whether two (or more) categorical variables are independent or if they share a common proportion of observations. Frequently used in hypothesis testing and categorical data analysis.
Cross Tabulation
Cross tabulation, also known as contingency table analysis, is a statistical technique used to establish an interdependent relationship between two or more tables of values, without identifying a causal relationship. This method is widely utilized in data analysis to compare and understand the relationship between two categorical variables.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.