Examlex
Wayne is using a _____. This is an example of an object substitution.
Residual
The difference between observed values and the expected values in a statistical model, indicating the error or deviation from the predicted model outcome.
R Squared
A statistical measure of how close the data are to a fitted regression line, indicating the proportion of variance in the dependent variable explained by the independent variable(s).
Electricity Usage
The amount of electrical energy consumed by a household, organization, or area within a specific period.
Linear Model
A statistical model that assumes a linear relationship between the input variables (predictors) and a single output variable.
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