👉 An equicorality, also known as an equicorrelation, is a type of statistical relationship that involves two variables with a linear relationship. In other words, it describes how one variable changes in response to another variable while both are held constant at their respective values. In the context of econometrics and statistics, an equicorality refers to a situation where the change in one variable (the dependent variable) is directly proportional to the change in another variable (the independent variable). This
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