Examlex
An analyst generates the following color-coded table shown in the exhibit to help explain the risk of potential incidents in the company. The vertical axis indicates the likelihood or an incident, while the horizontal axis indicates the impact. Which of the following is this table an example of?
Degrees of Freedom
The number of independent values or quantities that can vary in an analysis without breaking any constraints.
Coefficient of Determination
A statistical measure represented by R^2 that explains the proportion of the variance in the dependent variable that is predictable from the independent variable(s).
SSE
Sum of Squared Errors, a measure used in statistical models to quantify the variance between observed and predicted values by summing the squared differences.
Error Variable
A variable in statistical or mathematical modeling that represents the difference between an observed value and the value predicted by a model.
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