Heteroskedasticity refers to the state of systematic changes in the spread of residuals or the error term of the model. The presence of heteroskedasticity leads to violation of the assumption of the ordinary least square.
A multicollinearity test helps to diagnose the presence of multicollinearity in a model. Multicollinearity refers to a state wherein there exists inter-association or inter-relation between two or more independent variables.
Normality test identifies the nature of the distribution of data of a given variable. Normal distribution of data refers to the closeness of every observation in a dataset to its mean score.
Correlation refers to the extent of a relationship between the variables. In order to determine this relationship, it is essential to establish a correlation between the variables.
A research strategy refers to the step-by-step plan of action that gives direction to the researcher’s thought process. It enables a researcher to conduct the research systematically and on schedule.
The quantitative research sampling method is the process of selecting representable units from a large population. Quantitative research refers to the analysis wherein mathematical, statistical, or computational method is used for studying the measurable or quantifiable dataset. The core purpose of quantitative research is the generalization of a phenomenon or an opinion. This involves collecting […]