The historical exchange rate for the Philippine Peso is shown in the table below. 1995 2000| 2005 25.71 | 44.19 || 55.97 | 46.36 || 43.66 Year 1990 2010 2014 PHP/USD 24.31 Construct an equation that best models this data

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.