Examlex
Explain economists' view of how a firm determines how much product differentiation is best for the firm.
Independent Variable
A variable in an experiment or statistical model whose variation influences another variable's (dependent variable) outcomes.
Sample Regression Equation
A formula that estimates the relationship between a dependent variable and one or more independent variables, based on sample data.
Intercept
The value of the dependent variable when all independent variables are equal to zero in a regression equation.
Indicator Variable
A variable that takes a value of 1 if a specific condition is true and 0 if it is not.
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