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What is regression analysis, and what are the major steps in using it?
Competitors
Competitors are companies or entities that operate in the same or a similar industry and vie for the same customers or market share.
Unfair Competition
Business practices that are deemed unethical or illegal, aiming to gain an unfair market advantage.
Oligopolist
An oligopolist is a participant within an oligopoly, which is a market structure characterized by a small number of firms dominating the industry, often leading to limited competition and higher prices for consumers.
Profit
The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
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