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Independent Variable
A variable in an experiment or model that is manipulated or changed to assess its effects on a dependent variable.
Probability Distribution
A mathematical function that describes the likelihood of obtaining the possible values that a random variable can assume.
Uncertainty
The state of having limited knowledge where it is impossible to exactly describe an existing state or future outcome.
Specific Risk
Risk affecting a narrow segment of the market, often associated with individual companies or industries, distinct from broad market risk.
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