In a simple linear regression problem, if the percentage of variation explained 
is 0.95, this means that 95% of the variation in the explanatory variable X can be explained by regression.
Definitions:
Weighted Average Method
The weighted average method is an inventory costing approach that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.
Weighted Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all goods available for sale during the period.
Unit Costs
The amount of expenditure incurred to create a single unit of a product or service.
Cost Of Production Report
A document detailing the total cost associated with the production of goods over a specific period, including materials, labor, and overhead.
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