Independent Variables

Correlation Coefficient
A statistical measure of the degree to which the movements of two variables are related. It quantifies the direction and strength of the relationship between variables.
Dependent Variable
In the field of statistics, a dependent variable is the subject of an equation whose value depends on independent variables. Typically denoted as 'Y', the dependent variable is influenced or predicted by the independent variables, often denoted as 'X'.
Multicollinearity
Multicollinearity refers to the presence of independent variables in regression analysis that are associated with each other, having some degree of correlation. This phenomenon can complicate the interpretation of model coefficients and lead to unreliable results.
Multiple Regression
Multiple regression is a statistical method used to examine the relationship between one dependent variable and two or more independent variables. This technique helps in understanding how multiple factors simultaneously affect the dependent variable.
Regression Analysis
Regression analysis is a statistical technique used to establish the relationship between a dependent variable and one or more independent variables. It is widely used in various fields to predict future values and measure the significance of different factors.

Accounting Terms Lexicon

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