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Why is geography alone insufficient for explaining why some countries remain poor?
Confidence Intervals
Ranges within which a population parameter is estimated to lie with a certain level of confidence, often used to indicate the reliability of an estimate.
Regression Coefficients
Parameters in a regression model that quantify the relationship between the dependent variable and each of the independent variables.
Sampling Error
The discrepancy between the statistical characteristics of a sample and those of the entire population, arising purely from the randomness of the sample selection.
Dummy Variables
Variables used in regression analysis to represent categorical data by assigning numerical values, typically 0 or 1, to represent the presence or absence of certain characteristics.
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