Explain the differences between univariate and multivariate analysis?
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Answer / Aditya Shakya
Univariate Analysis focuses on a single variable, while Multivariate Analysis involves studying multiple variables simultaneously. Univariate methods are simpler and quicker, but they provide less insight into relationships between variables. Multivariate methods like multiple regression, principal component analysis, and cluster analysis can help uncover complex patterns in large datasets.
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