Examlex
Economics is best defined as
Degrees of Freedom
The number of independent pieces of information upon which a statistical estimate is based, minus the number of parameters estimated.
Test Statistic
A value calculated from sample data that is used in a hypothesis test to determine whether to reject the null hypothesis.
Slope
The rate of change of the dependent variable with respect to an independent variable in a linear relationship.
Standard Error of Estimate
A measure of the accuracy of predictions made with a regression line, indicating the typical distance that the observed values fall from the regression line.
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