Examlex
Recruiting or developing innovative staff to create a culture of innovation within the organization is an example of a progressive human resource strategy.
Durbin-Watson Statistic
A measure used in statistics to detect the presence of autocorrelation at lag 1 in the residuals from a regression analysis.
Residual
The difference between an observed value and the estimated value in a regression analysis.
Multicollinearity
A situation in regression analysis in which predictor variables are highly correlated, making it difficult to isolate the individual effects of the predictors.
Correlation Matrix
A table showing the correlation coefficients between several variables, which can indicate the strength and direction of the relationship between pairs of variables.
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