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Mike has just graduated from college and is now looking for a job, but has not yet found one. This causes the unemployment rate to ________ and the labor-force participation rate to ________.
Residuals Plot
A graph that displays the residuals, which are the differences between observed and predicted values, against the predicted values to assess the fit of a regression model.
NHL Team
A professional ice hockey team that is a member of the National Hockey League, which is one of the major sports leagues in North America.
Average Attendance
The mean number of individuals present at a given event or over a specified period of time.
Residual
The difference between an observed value and the value predicted by a model. It is used in statistical analysis to determine the fit of a model.
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