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When a perpetual inventory system is used,a physical inventory should be taken at least monthly.
Independent Variables
Variables in a statistical model that are manipulated or changed to observe their effect on dependent variables.
Coefficient of Determination
A measure used in statistical modeling that indicates how well data points fit a line or curve. It is represented as a value between 0 and 1.
Dependent Variable
A variable in statistical modeling whose value is influenced by other variables.
Independent Variable
The variable in an experiment that is manipulated or changed to explore its effects on the dependent variable.
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