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Least-squares Regression
A method in statistics for finding the optimal line of fit by minimizing the sum of the squared deviations between real and estimated values.
Maintenance Cost
The expenses incurred to keep machinery, equipment, or buildings in operating condition and repair.
Machine-hours
An indicator of the duration for which equipment is utilized in the manufacturing process, commonly employed for distributing manufacturing overhead costs.
Contribution Margin
The amount remaining from sales revenue after variable expenses are deducted, indicating the potential profitability of products.
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