-What does the Constant signify in this regression?
Definitions:
Present Value
The contemporary valuation of a future monetary sum or cash flow sequence, factoring in a designated return rate.
Life Insurance Premiums
Regular payments made to an insurance company in exchange for life insurance coverage.
Present Value
The modern-day value of a sum of money to be received in the future, adjusted for a specific rate of return.
Electricity Bill Savings
The reduction in the cost of electricity consumption, often achieved through energy-efficient practices or devices.
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