Examlex
Rules of thumb based on past experiences that are used to solve problems are referred to as
Regression Technique
A statistical method used to model the relationship between a dependent (target) variable and one or more independent variables.
Linear Trend Line
A straight line that best fits the data points in a scatter plot, showing a linear relationship between variables.
Quadratic Model
A mathematical model in which the relationship between the independent variable and the dependent variable is represented by a second-degree polynomial equation.
Mean Absolute Deviation
The average of the absolute differences between each data point in a set of values and the mean of that set.
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