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Causal Models
Analytical models used to study the cause-effect relationships between variables within a system.
Forecasting
Forecasting involves predicting future values of a variable such as sales, weather, or economic trends based on historical data analysis and other methods.
Error Term
In statistical modeling, it represents the difference between observed values and those predicted by a model.
Simple Regression
a technique that estimates the relationship between a dependent variable and a single independent variable using a straight line.
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