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What Is Quantile Regression? When Might It Be Preferred to OLS

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Essay

What is quantile regression? When might it be preferred to OLS? Explain.


Definitions:

Fifth Amendment

A provision in the United States Constitution that guarantees various rights related to legal proceedings, including the right against self-incrimination and double jeopardy, as well as the right to due process.

Self-Incrimination

The act of exposing oneself to prosecution by being forced or voluntarily giving testimony or evidence that would reveal involvement in a crime.

Blood Samples

Biological specimens collected for diagnostic, research, or forensic purposes.

Public Law

The body of law that governs the relationship between individuals, entities, and the state, including constitutional, administrative, and criminal laws.

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