Examlex
Net income for a period will be overstated if accrued salaries are not recorded at the end of the accounting period.
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.
Correlation Coefficient
The correlation coefficient is a statistical measure that calculates the strength and direction of the relationship between two variables, ranging from -1 to 1.
Variance Inflation Factor
A measure of how much the variance of an estimated regression coefficient increases if your predictors are correlated.
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