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Where Does Strategy Formulation Fit Within the POLC Framework

question 109

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Where does strategy formulation fit within the POLC framework?


Definitions:

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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