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A regression had the following results: SST = 102.55,SSE = 82.04.It can be said that 90.0% of the variation in the dependent variable is explained by the independent variables in the regression.
Numeraire
A standard unit of account in which prices and values are expressed; it serves as a measure for comparing the worth of goods or services.
Endowed
Provided with a quality, ability, or asset.
Perfect Substitutes
Goods that can be used in place of each other with no loss of utility by the consumer.
Perfect Complements
Goods that are always used together in fixed proportions, where an increase in demand for one leads to a corresponding increase in demand for the other.
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