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People use futures contracts to:
First-order Model
A mathematical or statistical model that represents systems or processes using first-degree equations or relationships.
Significance Level
The probability of rejecting the null hypothesis when it is actually true, often denoted by alpha.
ANOVA Table
A table that displays the output of an Analysis of Variance, which shows statistical information such as sums of squares, degrees of freedom, mean squares, and F-statistics.
Mean Squares
The average of the squares of the deviations or differences from the mean, often used in variance analysis.
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