The Sheer Volume of Spend for a Particular Item Is

question 44

Short Answer

The sheer volume of spend for a particular item is known as the ________.

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Definitions:

Variation

The degree to which data points in a statistical distribution or dataset differ from each other and from the mean.

Coefficient Of Determination

A statistic used in the context of predictive models that represents the proportion of variance in the dependent variable predictable from the independent variable(s), usually denoted as R².

Variation

The measure of the spread or distribution of a set of data points.

Standard Error Of Estimate

A measure that indicates the accuracy of predictions made in a regression analysis; it reflects the typical distance between observed and predicted values.