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As a result of pure free trade in a commodity, the
Standard Error of Estimate
Indicates the average distance that the observed values fall from the regression line, measuring the accuracy of predictions.
Estimated Values
Values computed from sample data that serve as approximations of population parameters.
Actual Values
The observed or measured values in a dataset, as opposed to predicted or estimated values.
Equal
Having the same value, quantity, or measure as another entity.
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