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It Is Impossible to Measure Price Premium Through Customer Research

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It is impossible to measure price premium through customer research


Definitions:

Independent Variable

An experimental variable that is changed or controlled to test its effects on dependent variables.

Coefficient Of Determination

A metric in statistics that evaluates the percentage of variability in the outcome variable that can be explained by the predictor variable(s).

SSE

Sum of Squared Errors, a measure used in statistics to quantify the discrepancy between data points and a model's predictions.

SSR

Sum of Squares due to Regression, a measure indicating how well a regression model fits the data.

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