Examlex
Which of the following is correct regarding David Ricardo?
Independent Variable
A variable in an experiment that is manipulated or changed by the researcher to observe its effect on the dependent variable.
Observed Value
The actual value measured or recorded during an experiment or survey.
Dependent Variable
In an experiment, the dependent variable is the variable that is being tested and measured, and is 'dependent' on the independent variable.
Residual
The difference between the observed value and the estimated value of the quantity of interest.
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