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Explain the Difference Between Forward Selection,backward Elimination,and Stepwise Selection for the Imputation

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Essay

Explain the difference between forward selection,backward elimination,and stepwise selection for the imputation of variables in a regression equation.


Definitions:

Total Risk

The complete range of uncertainties including market, credit, liquidity, and operational risks that can affect the performance and valuation of investments.

Portfolio Concentration

The over-representation of a particular asset class, sector, or stock within an investment portfolio, leading to heightened risk.

Treasury Bills

Short-term government securities issued at a discount from the face value and mature in a year or less, representing a secure investment.

Long-term Bonds

are bonds that mature over a period typically longer than ten years, offering a fixed interest rate over their life span.

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