Intro to Econometrics
Contour plots are graphical representations that depict the relationship between three variables in a two-dimensional format, using contour lines to connect points with equal values. They are particularly useful in visualizing how interaction terms affect outcomes in regression analysis, as they help to illustrate the combined effects of two independent variables on a dependent variable. By representing data in this way, contour plots make it easier to identify trends and patterns that may not be immediately apparent from numerical data alone.
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