Russia is classified as a high income economy by the World Bank and is a member of the BRICS (Brazil, Russia, India, China, and South Africa).The BRICS as a group of nations touted by the World Bank and the IMF as the next group of global superpowers with the potential to surpass existing economic champions.ussia is classified as a high income economy by the World Bank and is a member of the BRICS (Brazil, Russia, India, China, and South Africa).
The value of the intercept, a, anchors the scatterplotâs regression line relative to the values of X and Y (and their coordinates) for the problem at hand. Oftentimes the intercept is a mathematical abstraction but it serves a function of adjusting predicted values of Y relative to the plot.
Definition: Average refers to the sum of numbers divided by n. Also called the mean average. Sums of data divided by the number of items in the data will give the mean average. The mean average is used quite regularly to determine final math marks over a term or semester. Averages are often used in sports: batting averages which means number of hits to number of times at bat. Gas mileage is determined by using averages. Also Known As: Central tendancy. A measure of the middle value of the data set.