What is an Outlier? What is its significance? What is Regression? Explain with an example. What are Independent and Dependent variables? Explain with an example.

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What is an Outlier? What is its significance? What is Regression? Explain with an example. What are Independent and Dependent variables? Explain with an example. What is Correlation? What is Causation? Does Correlation imply Causation? Explain. What is the significance of r-squared value in the context of Regression?

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