Examlex
When regression analysis is used for prediction, the confidence interval for the average y given x will be wider than the prediction interval for a particular value of y given x.
Meritocratic Mobility
The movement of individuals within or between social strata in a society based on their abilities, talents, and merits rather than on class privilege or wealthy heritage.
Social Capital
The networks, relationships, and norms that facilitate collective action and contribute to the social cohesion of a community.
Employment Income
The compensation received by individuals for their labor or services, typically in the form of wages, salaries, or commissions, constituting a primary source of personal income.
Income Shares
Refers to the division of total income among different groups or quartiles within a population, often used to assess economic inequality.
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