Differentiate between univariate, bivariate, and multivariate analysis.

Question

Accepted Answer

Univariate analysis deals with one variable, bivariate analysis deals with two variables, and multivariate analysis deals with more than two variables.

Univariate analysis focuses on describing and analyzing a single variable, such as mean, median, mode, and standard deviation.
Bivariate analysis examines the relationship between two variables, such as correlation and regression analysis.
Multivariate analysis involves analyzing more than two variables, such as factor analysis and cluster analysis.
Example of univariate analysis: analyzing the distribution of age in a population.
Example of bivariate analysis: examining the relationship between income and education level.
Example of multivariate analysis: analyzing the factors that influence customer satisfaction in a survey.

Differentiate between univariate, bivariate, and multivariate analysis.

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