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Which of the following is an example of a business interest group?
Error Variable \(ε\)
In statistical modeling, particularly in linear regression, it represents unobserved random errors or deviations of observed values from their expected values.
Scatter Diagram
A graphical representation that shows the relationship between two quantitative variables by plotting data points on a two-dimensional plane.
Least Squares Regression
A statistical method used to find the best-fitting line through a set of data points by minimizing the sum of the squares of the vertical distances of the points from the line.
Coefficient of Correlation
A mathematical gauge that assesses the strength of the bond between the relative movements of two variables.
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