Examlex
Describe the concepts of reliability and validity.Why are the reliability and the validity of an assessment procedure important?
Mean
The sum of values in a data set divided by the number of values, representing the central point of the data set.
Cyclical
Describes phenomena that occur in predictable patterns or cycles, often used in economic contexts to describe fluctuations in the business cycle.
Wavelike Pattern
A pattern characterized by oscillations or undulations reminiscent of the movement of waves, typically seen in contexts like physics, economics, and nature.
Long-term Trend
The overall direction of a market or asset's price movements over a prolonged period.
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