Examlex
The time required to drive from New York to New Mexico is a discrete random variable.
Perfect Prediction
A situation where a model or analysis predicts the outcome with 100% accuracy, with no errors.
Regression Equation
An equation that describes the line of best fit through a dataset, used to predict the outcome variable.
Regression Line
A line of best fit through a dataset, used to predict the value of a dependent variable based on the value of an independent variable.
Standard Error
An estimate of the standard deviation of a sampling distribution, often used in inferential statistics.
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