Examlex
An important application of multiple regression analysis is as an identifying or screening device.How is multiple regression analysis used as an identifying or screening device?
Marginal Benefit
The boost in pleasure or utility a person gets from purchasing one more unit of a product or service.
Output
The aggregate output of products or services generated by an enterprise, sector, or economic system over a defined time frame.
Positive Externality
A benefit obtained without compensation by third parties from the production or consumption of sellers or buyers. Example: A beekeeper benefits when a neighboring farmer plants clover. Also known as an external benefit or a spillover benefit.
Spillover Benefit
A positive effect experienced by bystanders or other parties not directly involved in the production or consumption of a good or service.
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