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In Michael Porter's five competitive forces model, what do the competitive forces determine?
Statistical Model
A mathematical representation of observed data that accounts for randomness and uncertainty in the observations.
Equation
A mathematical statement that asserts the equality of two expressions, represented by the symbol "=".
Fit
In statistical modeling, it refers to how well a model describes and predicts data, with good fit indicating the model accurately reflects the observed data.
Test Statistic
A statistic calculated from sample data and used in a hypothesis test to determine whether to reject the null hypothesis.
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