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Two conceptual problems that plague the financing of startup type markets include ___ and ___.
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You’ve completed a linear regression model using in-store sales data to store visits data. You observe a strong, positive correlation between the independent variable and the dependent variable. The r-squared value (i.e. the coefficient of determination) is close to 1. Standard deviation of the data set is quite low. It is reasonable to conclude that sales increased because of increases in in-store traffic?
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(True/False) Outliers must be very extreme to noticeably impact the fit of a statistical model.
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