Examlex
The odds ratio represents the increase (or decrease if Exp(B) is less than 1) in odds of being classified in a category when the predictor variable increases by 1.
Labor Skills
The abilities and expertise that employees bring to their work, influencing productivity, efficiency, and the quality of outputs.
Minimum Wage
The lowest legal hourly pay workers can receive, set by government law to protect workers from unduly low compensation.
Economic Analysis
The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.
Training Opportunities
Programs and courses available to individuals seeking to acquire new skills or improve existing ones for professional development.