Categories: Quantitative Analysis

Relationship / Association between variables

Relationship tells the association between two variables. There are four types of relationships:

Deterministic Relationship (DR): Output and the input are always pre-determined and it has the same execution at all times. This means that its output will always remain the same that is independent of time and place.

Stochastic Relationship (SR): The output in such scenarios may differ from place to pace or from time to time.

Related Post

Linear Relationship: if the relationship / association between two variables are shown by 1 equation is called linear relationship.

Curvilinear Relationship: if the relationship / association between two variables are shown by more than 1 equations is called Curvilinear relationship.




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