What Is a Competitive Advantage and Why Does an Entrepreneur

question 20

Essay

What is a competitive advantage and why does an entrepreneur need it?

---

Definitions:

Least Squares

A method used in regression analysis to determine the best fit line by minimizing the sum of the squares of the differences between observed and predicted values.

Goals/G

A statistical measurement often used in sports to quantify the average number of goals scored per game by a team or player.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables, assuming a linear relationship.

Normal Distribution

The normal distribution is a bell-shaped frequency distribution that is symmetric about the mean, describing how the values of a variable are dispersed or spread out.