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Explain What Is Meant by Using a Blended Approach to Performance

question 12

Essay

Explain what is meant by using a blended approach to performance appraisal and management.


Definitions:

Unit Change

A measure indicating the change in outcome associated with a one-unit change in an independent variable within a statistical model.

Stepwise Regression

A procedure in regression analysis that automatically chooses the variables to be used for prediction.

Forward Selection

A stepwise regression approach where variables are sequentially added to the linear model based on their statistical significance in explaining the outcome variable.

Backward Elimination

A method in statistical model building where all variables are included at the start and then removed one by one based on some criteria.

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