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Although Regression Can Verify a Relationship Between Variables,it Cannot Quantify

question 48

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Although regression can verify a relationship between variables,it cannot quantify the nature of that relationship.


Definitions:

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectiveness in performance.

Privatization

The process of transferring an enterprise or industry from the public sector to the private sector.

Government

The system or group of people governing an organized community, often a state, and the mechanism by which state policies are enforced and public affairs managed.

Unintended Consequences

Unintended consequences are outcomes that are not foreseen or intended by a purposeful action.

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