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Who created this model,and what was its purpose? Why is an important precursor of things to come in the later twentieth century?
Residual Standard Deviation
A measure of the amount by which an observation differs from its expected value, specifically in the context of a regression model.
Beta
A measure of a stock's volatility in relation to the overall market, indicating the level of risk associated with investing in the stock.
Residual Standard Deviation
A statistical measure that quantifies the amount by which an investment's returns deviate from its expected benchmark performance.
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