Overview of Multivariate Analysis | What is Multivariate Analysis and Model Building Process?
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Overview of Multivariate Analysis | What is Multivariate Analysis and Model Building Process?
Multivariate Analysis is a dependent variable resulting in one outcome. This explains that most of our problems are Multivariate.
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Univariate and multivariate analysis are common approaches to explore and understand data. 🔍 As their names imply, in univariate analysis, you examine and summarize one variable at a time, whereas in multivariate analysis, multiple variables — and their complex relationships — are observed. Your choice on which analysis method to use will depend on the nature of your data, your goals, and what questions you’re trying to answer. 💬 #data #dataanalysis #analytics #datascience #univariate #multiva
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