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question 67

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Feedback ______.


Definitions:

Coefficient of Determination

is a statistical measure that explains the proportion of variance in the dependent variable predictable from the independent variable(s).

API Gravity Degrees

A measurement system used to determine the density of petroleum liquids compared to water.

Price Per Barrel

The cost or price unit for crude oil and other commodities, measured per barrel, a standard unit for volume in the oil industry.

Standard Error of Estimate

The standard error of the estimate is a measure of the accuracy of predictions made with a regression line, quantifying the dispersion of observed values around the predicted values.

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