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If the functional form of the conditional variance function is incorrect, then
Descriptive Statistics
Statistical techniques used to describe and summarize the basic features of data in a study.
Mean Age
The average age of individuals in a population or group, calculated by adding their ages together and dividing by the number of individuals.
Central Tendency
A statistical measure that identifies a single value as representative of an entire distribution of data, indicating where the middle of the data set lies.
Variability
The degree to which data points in a statistical distribution or dataset differ from each other and from the average.
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