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Underspecified Model
An underspecified model is when a statistical model lacks enough parameters to accurately capture the underlying data structure or dynamics of the dataset.
Independent Variables
Variables in an experiment or model that are manipulated to observe their effect on dependent variables.
Relevant Predictors
Variables that have a significant impact on the outcome of a statistical model or prediction.
T-statistic
A statistic derived from sample data that is used in hypothesis testing to determine if there is a significant difference between sample means.
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