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The most important difference between public and private collective bargaining is that:
Residuals
Differences between observed values and the estimated values provided by a model.
Predicted Values
The expected outcomes calculated using a regression line or another statistical model.
Residuals
The differences between observed values and the estimated values of a regression model; essentially, these are the error terms indicating how far off predictions are from actual results.
Plot
A graphical representation of data points on a coordinate system, used to visualize relationships between variables.
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