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How Do We Test the Reliability of a Model

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How do we test the reliability of a model?


Definitions:

Markup

Incremental pricing on the acquisition cost of products to ensure overhead and profit incorporation.

Wholesale Cost

The price charged for goods and services that are sold by wholesalers to retailers or other businesses, typically lower than the retail price.

Computer Hardware

The physical components of a computer system, such as the motherboard, CPU, RAM, and hard drives.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear.

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