Examlex
Differentiate between mediation and arbitration.
Prediction Interval
A range of values that is likely to contain the value of an unknown parameter for a future observation, with a specified level of confidence.
Expected Value
In probability and statistics, it is the average value obtained from numerous trials of an experiment over an extended period.
Confidence Interval
A compilation of values, resulting from the statistical study of samples, aimed to likely capture the value of an unknown population parameter.
Long-Run Average
Refers to the average of a set of values or outcomes over a long period of time, often used in economics to predict long-term equilibrium or trends.
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