Examlex
Adam Smith formulated the "invisible hand" and the free market to explain the motivation for individual behavior. The "invisible hand" refers to:
Total Variation
The overall measure of the spread or dispersion of a set of data points from the mean or expected value.
SSR
Sum of Squares due to Regression, a measure used in statistical analysis to determine the variation explained by the independent variable(s) in a regression model.
SSE
Sum of Squared Errors; a measure of the discrepancy between the data and an estimation model, representing the total deviation of the response values from the fit values.
Null Hypothesis
A hypothesis in statistical inference and testing that suggests no significant difference or effect, intending for it to be challenged by the alternative hypothesis.
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