Examlex
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Least Squares
A mathematical method used in regression analysis to find the best-fitting line through a set of data points by minimizing the sum of the squares of the vertical distances of the points from the line.
Time-Series Data
Data points collected or recorded at time intervals, allowing analysis of patterns, trends, and forecasting.
Trend Equation
A mathematical formula that fits a line to a set of data points in a way that best expresses the relationship and tendency over time.
Seasonal Indexes
Quantitative measures that adjust for seasonal variations in data, allowing for more accurate comparison across different time periods.
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