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The variance of the error variable, , is required to be constant. When this requirement is satisfied, the condition is called homoscedasticity.
Type
A category or class that individuals or things can be grouped into based on shared characteristics or qualities.
Implied Warranty
A legal term for the unspoken and unwritten guarantees that the law assumes goods or services must meet.
Trade Custom
Established practices and patterns of behavior that are widely accepted within a particular industry.
Contract
A contract between two or more entities that is recognized by law and entails shared responsibilities.
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