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Why Do Negotiators Need to Manage the Paradox Between Sticking

question 27

Essay

Why do negotiators need to manage the paradox between sticking with their prepared strategy and pursuing a new opportunity that arises during the process?


Definitions:

Deviation

The difference between a observed value and some reference point, often the mean of the data set.

Regression Line

A straight line that best fits the data points in a scatter plot, showing the relationship between an independent variable and a dependent variable.

Practical Model

A practical model is an applied or practical representation designed to solve real-world problems or to make predictions about events in everyday practical contexts.

Sum of Squares for Regression

A measure of the variation explained by the regression line, indicating the goodness of fit of the model.

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