Examlex
For performance evaluation purposes, variable service department costs should be charged to operating departments in predetermined, lump-sum amounts.
Pearson Correlation Coefficient
A measure of the linear correlation between two variables X and Y, giving a value between -1 and 1 which indicates the strength and direction of the correlation.
Sum Of Squares
A statistical measure that quantifies the variation within a set of numbers, calculated as the sum of the squared differences from the mean.
Least Squares Estimates
The estimates of the parameters in a regression model obtained by minimizing the sum of squared differences between observed and predicted values.
Regression Parameters
Coefficients that describe the relationship between independent variables and the dependent variable in regression analysis.
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