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You own a shoe store and need a new sales associate. You have a large stack of applications, but unfortunately you have no idea who is a strong salesperson and who is a weak one. What kind of problem are you facing and how can you solve it?
SSR
Sum of Squares due to Regression, a measure used in statistical analysis to determine the explanatory power of a regression model.
SSE
Sum of Squared Errors, a measure of the discrepancy between the data and an estimation model.
Null Hypothesis
The hypothesis tentatively assumed true in the hypothesis testing procedure.
Parameter
A numerical characteristic of a population, as opposed to a statistic, which is a characteristic of a sample.
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