Examlex
Brownfields have been attractive to developers because they are easy to convert to high-density housing.
Random Variation
Natural fluctuations in the data occurring due to chance variations, which are inherent in any process or measurement.
Error Term
Represents the component of an observed variable that is not explained by the model used to estimate the variable, capturing the random variability in the data.
Time Trend
A pattern or direction in data that shows movement over a period of time.
Indicator Variable
A variable used in statistical models that takes on the value of 0 or 1 to indicate the absence or presence of some categorical effect or feature.
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