Explain the concept of dependent and independent variables
Not what you're looking for?
In business, investors are always interested in the tradeoff between returns and risk. Regression analysis is a statistical technique that can be used to quantify this risk. Explain the concept of dependent and independent variables in terms of a business performance indicator e.g. stock price, profits, etc., clearly stating the dependent and independent variables involved. If you wish, feel free to use non-business example in your discussion.
Purchase this Solution
Solution Summary
The expert explains the concept of dependent and independent variables.
Solution Preview
I will use a non- business example to clarify regression.
It is always interesting to understand relationship between variables. It helps people understand trends, make decisions and recommendations and even predictions.
In relationships, there are two types of variables. A dependent variable and an independent variable.
The dependent variable would be the outcome, what we are measuring or trying to understand (DV)
The independent variable(s) are those that change which influence the dependent variables. (IV)
Now, if you only have 1 IV, then it would be easy to examine ...
Purchase this Solution
Free BrainMass Quizzes
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.