Examlex
What type of play involves action in which children play with similar toys, in a similar manner, but do not interact with each other?
Residual Variance
The variance of the error terms in a regression model, representing the amount of variation that cannot be explained by the model's inputs.
Alpha/Beta
Measures in finance; Alpha represents the strategy's returns above the benchmark, whereas Beta indicates the volatility relative to the market.
Sharpe Measure
A measure of the excess return (or risk premium) per unit of risk in an investment asset or a trading strategy, calculated as the difference between the asset's returns and the risk-free rate, divided by the asset's standard deviation.
Forecasting Ability
The capability to predict future trends, prices, or outcomes based on historical data, trends, and analysis.
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