Examlex
A _____ is a pay banding system based on regions.
Simple Regression
A statistical method for quantifying the relationship between a single independent variable and a single dependent variable.
Intercept
In statistics and mathematics, the point at which a line crosses the y-axis in a graph, representing the value of the dependent variable when the independent variable is zero.
Error Term
The difference between observed values and estimated values in a statistical model.
Multicollinearity
A statistical phenomenon where two or more predictor variables in a multiple regression model are highly correlated, potentially distorting estimates.
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