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Price Per Barrel
The cost of a barrel of commodities like oil, typically used as a benchmark for pricing.
Estimating Mean Value
The process of calculating the average value of a set of numbers or measurements.
Predicting Individual Value
The process of estimating the monetary or intrinsic value of a specific entity or individual based on relevant parameters.
Coefficient of Determination
is a statistical measure that explains the proportion of variance in the dependent variable predictable from the independent variable(s).
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