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MasterCard's World Cup Campaign had good intentions. The company hoped to raise much-needed money to help fight childhood hunger in Latin America and the Caribbean. MasterCard partnered with two soccer stars to promote the campaign, and said the company would donate the equivalent of 10,000 meals to the World Food Programme every time one of the two players scored a goal during the World Cup. Why did this campaign backfire?
Unit Change
A change in the independent variable by one unit and its effect on the dependent variable, often analyzed in regression models or experiments to understand causal relationships.
Total Variation
In statistics, a measure of the overall variability in a dataset or the total amount by which values in a data set differ from the mean.
SSR
Sum of Squares due to Regression, a measure used in statistical models to quantify how well the model explains the variability of the data.
SSE
The sum of squared errors between observed and predicted values in regression analysis, indicating the discrepancy between data points and the regression line.
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