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It Has Been Observed in Country X That with an Increase

question 53

Essay

It has been observed in country X that with an increase in college enrollment over a period of 6 years,the demand for televisions has also increased.Would it be right to conclude that the increase in college enrollment has caused the increase in demand for televisions? Why or why not?


Definitions:

Root Mean Square Error

It is a measure used to assess the differences between values predicted by a model or an estimator and the observed values.

Sales Details

Specific information related to the sales transactions of a business, including quantities sold, prices, dates, and customer information.

Value of K

In statistics, it often represents a constant or a specific value in equations and formulas.

Weighted Average Model

A calculation that assigns different weights to different items or data points according to their importance in achieving a more accurate average.

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