Discuss the Precautions You Might Take as Manager of a New

question 12

Essay

Discuss the precautions you might take as manager of a new project in building a project team to assure that the project does not get off "on the wrong foot". List three.

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Definitions:

Observation

An individual data point or measurement recorded during a study or experiment.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation to the data.

Residuals

The differences between observed values and the expected values predicted by a model.

Fitted Values

Estimates or predictions generated by a statistical model that represent the best guesses for the dependent variable based on the model and the input values.