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In reality, obtaining a forecast regression with a R2 equal to 1 is possible.
True Score
In psychometrics, the actual score that accurately reflects the tested variable or trait in the absence of measurement errors.
Reliability
The degree to which an assessment tool produces stable and consistent results over multiple administrations under the same conditions.
Construct Validity
The extent to which a test or instrument accurately measures the theoretical construct or concept it is intended to assess.
Face Validity
The degree to which a measurement device appears to accurately measure a variable.
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