Examlex
Explain the real business cycle effect graphically.
Process Mean
The average value of a set of measurements from a process, indicating its central tendency or typical performance.
Average Run Length
In statistical quality control, it is the average number of samples that must be taken before a change in the status of a process is detected.
Type I Error
The improper denial of a genuine null hypothesis, also identified as a "false positive."
Randomly Occurring
Events or phenomena that happen without a predictable pattern, order, or reason.
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