Examlex
The number of people who are newly diagnosed with a disease in a given period of time is referred to as the _____ of that disease.
Average Mortgage Rate
The mean interest rate given across all mortgage loans in a given period, indicating the cost of borrowing for home loans.
Seasonal Variation
Fluctuations in data or activity that occur at regular intervals over a year due to seasonal factors.
Random Variation
Natural fluctuations in the data occurring due to chance variations, which are inherent in any process or measurement.
Error Term
Represents the component of an observed variable that is not explained by the model used to estimate the variable, capturing the random variability in the data.
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