Examlex
If coffee and tea are substitutes, then an increase in the price of coffee will result in an increase in the demand for tea.
Adjusted Coefficient
A modified version of a coefficient in statistical models that accounts for the number of predictors or the sample size to avoid overfitting.
Multiple Regression
A statistical method that utilizes a number of predictor variables to determine the outcome of a criterion variable.
Life Expectancy
An average estimate of the number of years a person or organism is expected to live, based on statistical analyses of age-specific mortality rates.
Regression Model
A statistical model that analyzes the relationship between a dependent variable and one or more independent variables.
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