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For each of the following actions,describe the sources of law the individuals should consult:
a.obtaining a bicycle license
b.incorporating a company
c.determining how many feet of set back are required for residential construction
d.selling securities on a national exchange
Prediction Error
The difference between observed values and the values predicted by a model.
Intercept
In mathematics and statistics, the point at which a line or curve intersects a given axis on a graph.
Predicted Income
An estimate of future income based on variables such as education, occupation, and previous earnings.
Correlation
A statistical measure that expresses the extent to which two variables change together, suggesting a possible relationship between them.
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