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Business cycles are the result of
Probability
An indicator representing the probability or odds of a specific event happening, with its value ranging from 0 to 1.
Normal Model
A type of statistical distribution that is symmetric and describes how values are dispersed or spread around the mean.
Standard Deviations
Standard deviations measure the amount of variation or dispersion of a set of values from their mean, indicating how spread out the data points are.
Random Variable
A variable whose values are outcomes of a random phenomenon and are subject to variability.
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