Examlex
If the price of coffee decreases, the demand curve for tea (a substitute good) will
SSE
Sum of Squared Errors, a measure of the discrepancy between data points and a model's predictions, used in regression analysis.
Adjusted Value
A modification of a financial or statistical measure to reflect changes or to provide a more accurate overview.
Standard Error
A statistical measure that describes the accuracy with which a sample distribution represents a population, often used in inferential statistics to estimate how close the sample mean is to the population mean.
Sum of the Squared Residuals
Is calculated by summing the squares of the differences between observed and predicted values in a regression analysis, highlighting model accuracy.
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