Examlex
Which of the following would NOT be included in the calculation of GDP as a government purchase?
Residuals
Differences between observed values and the estimated values in a statistical model, reflecting the amount of unexplained variance in the model.
Fitted Values
Estimated values predicted by a regression model, based on the observed data.
Simple Linear Regression
A statistical method that models the linear relationship between a dependent variable and one independent variable by fitting a linear equation to observed data.
SAT Exam
A standardized test widely used for college admissions in the United States, assessing reading, writing and language, and mathematics skills.
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