Examlex
How can a start-up strategy be identified?
Residual Analysis
The analysis of the residuals used to determine whether the assumptions made about the regression model appear to be valid. Residual analysis is also used to identify outliers and influential observations.
Regression Model
A statistical technique used to estimate the relationship between a dependent variable and one or more independent variables.
SST
A measure of the total variation in a dataset that is the sum of squares total, often used in the context of regression analysis.
SSE
The overall sum of errors squared, highlighting the divergence between a model's predictions and real-world data observations.
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