Examlex
Determine if each of the products below displays any of the following characteristics:
(i) rivalry
(ii) nonrivalry
(ii) excludability
(iv) nonexcludability.
a.a highway during peak commute hours
b.an online course
c.infectious disease prevention
d.open source software such as Linux
e.a movie showing at Cineplex Theatres
Total Variation
The overall measure of variability within a dataset, including both the systematic and random variation.
Independent Variables
Variables in an experiment or model that are manipulated or categorized to observe their impact on dependent variables.
Observations
Data points or recorded measures of variables obtained during an experiment or survey.
SSE
The sum of squares due to error, a measure of the discrepancy between the data and an estimation model.
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