Which of the Following Is a Benefit of Data-Driven Manufacturing

question 28

Multiple Choice

Which of the following is a benefit of data-driven manufacturing?

• A) efficiency from the use of smart meters
• B) reduction of waste in material goods
• C) efficient traffic management
• D) mobile diagnostics for early responders

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Definitions:

R Square

A statistical measure of how close the data are to the fitted regression line, reflecting the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Standard Error

A statistical concept that assesses how accurately a sample distribution reflects a population, utilizing standard deviation for this purpose.

Regression Analysis

A statistical method for modeling the relationship between a dependent variable and one or more independent variables.

Linear Parameters

The coefficients in linear models that represent the relationship between the independent variables and the dependent variable.