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Predicted Values
The expected values calculated from a regression or other predictive models based on specific input variables.
API Gravity
A measure used to quantify the density of petroleum liquids relative to water, as defined by the American Petroleum Institute.
Price Per Barrel
The cost of a barrel of goods, commonly used in reference to crude oil prices in the commodities market.
Outlier
An observation in a dataset that is distant from other observations such that it appears to deviate markedly from other members of the sample.
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