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Parameter vs. statistic: a parameter is simply a range which gives us specifics of the population of objects that we have been finding out, and it can not be calculated from the sample; they can even be generally known as an estimator when talking about populations since they give us a guess Click Here or an approximation of what would take place if we were to accomplish the experiment on your entire population.
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In statistics, regression analysis helps us to ascertain the connection involving variables. We use regression analysis when we wish to predict a single variable realizing another and vice versa.
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