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Explain the Concept of Core Inflation

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Explain the concept of Core Inflation


Definitions:

Difference Score

The result of subtracting one quantity from another, often used to measure change or effects in experimental designs.

T-test

A statistical test used to determine if there is a significant difference between the means of two groups, which may be related in certain features.

Critical Value

A threshold value in statistical testing used to determine whether to reject the null hypothesis.

Alpha

The threshold of significance in hypothesis testing, representing the probability of committing a Type I error.

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