Examlex
A market can be described by the equations Qd = 60 - 6P and Qs = 4P. Calculate the equilibrium price and quantity in this market.
SSE
Sum of Squared Errors, a measure used in statistics to quantify the discrepancy between the data and an estimation model.
MSR
Mean Square Regression, indicating the average of squared differences between the observed and predicted values in regression analysis.
Observations
Data collected or measured during a study, experiment, or survey.
Coefficient Of Determination
A statistical measure that determines the proportion of variance in the dependent variable predictable from the independent variable(s).
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