Examlex
The network effect in the TV broadcasting industry results in
Correlated
Implies a statistical relationship where two variables move together in some predictable pattern.
Error Terms
Components of a statistical model that represent the difference between observed and predicted values.
Time
The ongoing and continuous sequence of events that occur in succession, from the past through the present to the future.
Residuals
The variance between actual observed data points and the values forecasted by a computational model.
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