Examlex
Sometimes a rise of only 10% in consumer demand can cause as much as a 200% rise in business demand for products for the next period. This is an example of ________.
Standard Error
A statistical measure that estimates the accuracy with which a sample distribution represents a population using the standard deviation.
Population Parameter
A numerical value that represents a characteristic of an entire population, such as the population mean or standard deviation.
Bootstrap Method
A method for estimating population statistics by repeatedly sampling from a dataset with replacement.
Resamples
The act of taking repeated samples from the same dataset, typically used in bootstrapping or permutation tests to generate a sampling distribution.
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