Examlex
If A and B are mutually exclusive events with P(A) = 0.2 and P(B) = 0.6,then P(A or B) = ________.
Linear Trend
A consistent upward or downward slope in a dataset, indicating an increase or decrease in the variable over time.
Exponential Trend
A pattern of data that showcases growth or decay at a constantly increasing rate, often represented graphically as a curved line.
Autoregressive(2)
A type of statistical model used in time series analysis in which a variable's current value is predicted from its own previous values, using two time-lags.
Second-order Autoregressive Model
A stochastic process where the current value is based on a linear combination of the two immediately prior values plus an error term.
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