Examlex
The Durbin- Watson statistic is used to test for the presence of autocorrelation in a series of residuals.
Asymmetric Information
Occurs when one party in a transaction has more or superior information compared to another, affecting decision-making.
Moral Hazard
A situation in economics and finance where one party takes more risks because another party bears the cost of those risks.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicle-related damages.
Precautions
Actions taken in advance to prevent potential undesirable outcomes or to minimize risks.
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