Examlex
Key rings, t shirts, coffee mugs, and bottle openers with the Pepsi logo printed on them that are given away free at high school sports events where Pepsi is sold are examples of ________.
Parsimony
The principle of using the simplest or least complicated explanatory means necessary to adequately account for observed phenomena, often used in model selection.
Regression Model
A statistical technique for estimating the relationships among variables, often used for prediction and forecasting.
T-statistic
A type of statistic used in hypothesis testing, calculated from sample data to determine whether to reject the null hypothesis.
Correlation Coefficient
The correlation coefficient is a statistical measure that calculates the strength and direction of a linear relationship between two variables.
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