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The Error Term ε in a Regression Model Represents

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The error term ε in a regression model represents


Definitions:

Domain

The domain of a function is the complete set of possible values of the independent variable for which the function is defined.

Range

The difference between the highest and lowest values in a set of numbers.

Simplify

The process of reducing an expression to its most basic form.

Evaluate

To determine the worth of a given expression.

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