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Regression Model
A statistical model used to understand the relationship between one dependent variable and one or more independent variables.
Multiple Linear Regression
A method in statistics that establishes the connection between one dependent variable and multiple independent variables by applying a linear equation to the data collected.
Salary
Salary is the fixed regular payment, typically expressed on an annual basis, made by an employer to an employee, especially a professional or white-collar worker.
Residual
A specific measurement of the difference between an observed value and the value predicted by a model.
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