Examlex
Complete the following using the terms listed below:
-In a(n) _____, a single seller dominates trade in a product for which buyers can find no close substitute.
Indicator Variables
Variables, often used in statistical models, that take on a value of 0 or 1 to indicate the absence or presence of a categorical effect that may impact the result.
Validity
The degree to which an indicator accurately measures or reflects a concept.
Reliability
The likelihood that a particular measure would produce the same results if the measure were repeated.
Indicator Variable
A variable in statistical modeling that assigns a value of 0 or 1 to indicate the non-presence or presence of a specific condition or attribute.
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