Examlex
If the inflation rate is 3 percent and the real interest rate is 5 percent, what is the nominal interest rate?
Basis For Prediction
The underlying data or rationale upon which a prediction is made.
Correlation
A numeric indicator that shows the degree to which two or more variables change in relation to each other.
T Test
A statistical test that compares the means of two groups to determine if there is a statistically significant difference between them.
Error In Prediction
The difference between the observed score (Y) and the predicted score.
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