STATISTICAL TECHNIQUES AND TOOLS
ONE WAY ANOVA
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Detailed explanation-1: -Analysis of Variance (ANOVA) is a statistical formula used to compare variances across the means (or average) of different groups. A range of scenarios use it to determine if there is any difference between the means of different groups.
Detailed explanation-2: -Analysis of variance (ANOVA) is an inferential method used to test the equality of three or more population means. This method is also referred to as single-factor ANOVA because we use a single property, or characteristic, for categorizing the populations.
Detailed explanation-3: -Analysis of variance (ANOVA) is a statistical technique used to check if the means of two or more groups are significantly different from each other. ANOVA checks the impact of one or more factors by comparing the means of different samples.