Examlex
Where does strategy formulation fit within the POLC framework?
Best-fit Linear Equation
A mathematical formula that describes a straight line which closely approximates the relationship between two variables in a set of data.
Coefficient of Correlation
A measure that indicates the degree to which two variables are linearly related.
Covariance
A measure that indicates the extent to which two variables change together, but does not specify the nature of the relationship.
Linear Relationship
A relationship between two variables where the change in one variable is proportional to the change in another variable.
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