Intro to Business Statistics

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Explanatory variable

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Intro to Business Statistics

Definition

An explanatory variable is an independent variable in an experiment or study that is manipulated to observe its effect on a dependent variable. It helps in identifying causal relationships by influencing changes in the response variable.

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5 Must Know Facts For Your Next Test

  1. The explanatory variable is also known as the predictor or independent variable.
  2. Manipulation of the explanatory variable allows researchers to establish cause-and-effect relationships.
  3. In experimental design, controlling the explanatory variable minimizes confounding factors.
  4. It is crucial for hypothesis testing and determining statistical significance.
  5. The relationship between the explanatory and response variables can be illustrated using scatter plots or regression analysis.

Review Questions

  • What role does an explanatory variable play in an experiment?
  • How does manipulating an explanatory variable help in establishing causality?
  • Why is it important to control the explanatory variable in experimental design?
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