what is the error term in economics what is the meaning of shock error in economics what is error term? econ error definition what is the difference between a function and error what error term means the difference between true but unobservable value and observed value which term describes the difference between the observed value and the true, yet unobservable, function value? what is the difference between true and observed value error term definition what is the term error define error term what is error in math definition of an error in regression what is the difference between an observed and an unobservable function in economics what's the difference between an observed and unobservable function what is the difference between an observed value and an unobservable value? what is the difference between an observed value and a true function value? what is the difference between observed and true in a test and a normal regression? define shock error in economics what is error term in math