Examlex
Explain why a competitive equilibrium produces an efficient allocation of goods.
Regression Line
A line through a scatter plot of data points that best expresses the relationship between those points, typically used in linear regression.
Coefficient Of Determination
The coefficient of determination, denoted as R², measures the proportion of the variance in the dependent variable that is predictable from the independent variables in a regression model.
Coefficient Of Correlation
A mathematical metric that determines both the magnitude and trend of the association between two factors.
Coefficient Of Correlation
A measure that determines the strength and direction of a linear relationship between two variables, typically denoted as 'r'.
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