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In bivariate regression,we can calculate an upper and lower range within which we could expect the values of the independent values to fall if they were calculated.
Laissez Fair Capitalism
An economic system where private parties are free from government intervention in their economic decisions.
Monopolistic Competition
The market structure that exists when there are fewer businesses than in a pure-competition environment and the differences among the goods they sell are small.
Competitive Environment
The dynamic external system in which businesses compete for resources, customers, and market space.
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