Examlex
A demand schedule relates prices of a particular good to quantities demanded.
Prediction Error
The difference between the observed values and the values predicted by a model.
Absolute Value
The non-negative value of a number without regard to its sign; essentially, it's the distance of a number from zero on the real number line.
Correlation
Correlation is a statistical measure that expresses the extent to which two variables fluctuate together, showing the strength and direction of their relationship.
Scatter Plot
A type of graph or plot which uses Cartesian coordinates to display values for typically two variables for a set of data.
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