Question - Differentiate between univariate, bivariate, and multivariate analysis.
Answer -
Univariate data, as the name suggests, contains only one variable. The univariate analysis describes the data and finds patterns that exist within it.
Bivariate data contains two different variables. The bivariate analysis deals with causes, relationships and analysis between those two variables.
Multivariate data contains three or more variables. Multivariate analysis is similar to that of a bivariate, however, in a multivariate analysis, there exists more than one dependent variable.