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Technological Advances Are Difficult to Predict

question 25

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Technological advances are difficult to predict. One great advance can replace or substitute for existing products in a relatively short period. Tablets and smartphones with wireless connectivity are most likely to replace or substitute for


Definitions:

Y-intercept

The point where a line or curve crosses the y-axis of a graph, representing the value when all independent variables are zero.

Least Squares Line

A line that minimizes the sum of the squares of the vertical deviations from each data point to the line, often used in linear regression.

Interval Variables

Variables where the intervals between the values are interpretable, allowing for meaningful comparison and arithmetic operations.

Interpretation

The process of explaining or understanding the meaning of data, actions, or events.

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