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If gross profit exceeds expenses, the company
Independent Variable
A variable presumed to influence or cause changes in another variable, referred to as the dependent variable.
Regression Analysis
Regression analysis is a statistical method used for estimating the relationships among variables, often to determine how the typical value of the dependent variable changes when any one of the independent variables is varied.
Least Squares Line
The best-fitting straight line through a set of data points, minimizing the sum of the squares of the vertical distances of the points from the line.
Weight
A measurement of the gravitational force acting on an object, often used in statistical analysis to assign importance to different elements of a dataset.
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