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What Is an Important Advantage of Simple Casting

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What is an important advantage of simple casting?


Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly the mean.

Regression Slope

Indicates the steepness and direction of the linear relationship between two variables on a regression plot.

Variance

A calculation of how spread out a data set is, determined by the mean of the squared deviations from the average.

Least Squares Estimates

A statistical method used to determine the line of best fit by minimizing the sum of squares of the errors between observed and predicted values.

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