What is ANOVA in statistics?

Quantitative Methods Questions



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What is ANOVA in statistics?

ANOVA stands for Analysis of Variance. It is a statistical method used to compare the means of two or more groups to determine if there are any significant differences between them. ANOVA assesses the variation between groups and within groups to determine if the differences observed are due to random chance or if they are statistically significant. It is commonly used in research studies and experiments to analyze the effects of different factors or treatments on a dependent variable.