Regression Toward the Mean (AKA Return to Average/Normal): Definition, Explanation and Examples
1:11
YouTubeOne Minute Economics
Regression Toward the Mean (AKA Return to Average/Normal): Definition, Explanation and Examples
"Regression toward the mean" sounds a lot more sophisticated than it actually is... to use more simple language, regression toward the mean is an important term in the world of statistics because it describes situation in which something or someone performed better than usual and ultimately returns to "average" or "normal" :) This video ...
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