Error Term.

An error term is a term included in a statistical model to account for variability in the data that is not explained by the predictor variables. The error term is also sometimes called the residual. In a linear regression model, the error term is represented by the Greek letter epsilon (ε). The error term is … Read more

Lottery Bond.

A lottery bond is a debt security that is issued by a government or quasi-government entity and is backed by the proceeds from the sale of lottery tickets. The lottery bond is typically issued with a term of 10 to 20 years and pays periodic interest payments, with the principal being repaid at maturity. Lottery … Read more