Friday, January 20, 2012

What is the dependent and the independent variable?

If I am to develop a Regression Model to predict the SELLING PRICE based upon the SQUARE FOOTAGE. Which is the Independent Variable and which is the Dependent Variable?What is the dependent and the independent variable?
You rely on your parents to give you food, shelter, love, etc - so you are dependent on them. In the same way, the dependent variable is the one that relies on something else.



In your problem, the selling price is based on, or relies on the square footage - it changes as the square footage changes. So the selling price is the dependent variable, and the square footage must be the independent variable (it doesn't rely on anything).



Hope this makes it easier to understand!What is the dependent and the independent variable?
Ind=square footage

dep=selling price



Since square footage is the one you are in control of and you want to see what the other variable is based off this one.What is the dependent and the independent variable?
independent= square footage



dependent= price
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