Examlex
A change in which variable will change the market demand for a product?
Weighted Mean
An average in which each quantity to be averaged is assigned a weight, reflecting its importance or frequency.
Geometric Mean
The nth root of the product of n numbers, used to calculate average rates of return or growth over time for variables that fluctuate multiplicatively.
Data Value
A specific piece of information, often numerical, that is collected, analyzed, or stored as part of a data set.
Outlier
A data point that significantly differs from the other data points in a dataset, often indicating a measurement error or a unique case.
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