Provide Two Reasons Why It Is Important to Identify the Pattern

question 2

Essay

Provide two reasons why it is important to identify the pattern of correlation in a scatter diagram before proceeding to figure the linear correlation.

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Definitions:

Persuade Customers

The process of convincing potential buyers to purchase a product or service through various techniques, including advertising, personal selling, and promotions.

Captured Value

The total value a company can capture from its product or service, often reflecting its competitive advantage.

Manufacturing Cost

The expenses directly associated with producing goods, including materials, labor, and overhead.

Human Resources

The department within an organization that is responsible for managing employee-related processes including recruitment, training, and benefits.