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Consider the four points (20,20) , (30,50) , (40,30) ,and (50,60) .The least squares line is
= 5 + 50x.Explain what "least squares" means using these data as a specific example.
Labor Force
The total number of people who are both employed and actively seeking employment.
Actively Looking
The process in which individuals engage in a diligent search for employment or opportunities, often involving submitting applications and attending interviews.
Supply-Side Shocks
Unexpected events that affect the supply side of the economy, causing shifts in cost and availability of goods and services.
OPEC Policies
OPEC policies are strategies and guidelines adopted by the Organization of Petroleum Exporting Countries to regulate the oil supply in the global market to stabilize oil prices.
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