Examlex
A product that typically lasts at least three years is called a durable good.
Straight Line
The shortest distance between two points, often used to describe a linear relationship in mathematics and physics.
Sample Regression Equation
A formula that estimates the relationship between variables using data from a sample, predicting the dependent variable based on independent variables.
Intercept Term
A reworded definition; represents the constant value in a linear model that shows the outcome's expected value when all predictors equal zero.
Interaction Term
In regression analysis, it's a variable created from the product of two or more variables to assess how the simultaneous influence of those variables on the outcome differs from the sum of their individual effects.
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