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A Single Variable X Can Explain a Large Percentage of the Variation

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A single variable X can explain a large percentage of the variation in some other variable Y when the two variables are


Definitions:

Significant Amount

A quantity or figure that is large enough to be notable or have a considerable impact in a given context.

Resources

Assets, capabilities, processes, information, and knowledge that an organization controls and utilizes to achieve its goals and objectives.

Domestic Products

Goods and services that are produced within a country's borders and are intended for consumption in the same country.

Foreign Market

A market outside the company's home country where it conducts business activities or sells products.

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