Examlex
Economies of scope occur when cost savings result from performing two activities jointly.
Coefficient Of Determination
A statistical measure that determines the proportion of the variance in the dependent variable that is predictable from the independent variable(s).
SSE
The aggregate of error squares, being the difference between model estimates and observed data, showing how well a model fits.
Least Squares Method
The method used to develop the estimated regression equation. It minimizes the sum of squared residuals (the deviations between the observed values of the dependent variable, yi, and the predicted values of the dependent variable, ŷi).
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