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Skylar is studying for her midterm exam in her accounting class. Her study partner Lisa is her go-to person for help with calculating depreciation.
-Which of the following functions does Lisa say is used to calculate a sum-of-years' digit depreciation?
Regression Models
Statistical models used to estimate the relationship between a dependent variable and one or more independent variables.
Extrapolated
The process of estimating beyond the original observation range by assuming that existing trends continue.
Multiple R
A statistic that represents the correlation between observed and predicted values of a dependent variable in a regression analysis, indicating model fit.
R Square
The ratio of the variance in the outcome variable that can be attributed to the influence of predictor variables in a regression analysis.
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