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The acceleration principle in business markets suggests that as demand increases in consumer markets, the business market accelerates the buildup of inventories and production to compensate.
Correlation Coefficient
A numerical measure that quantifies the degree of correlation or linear relationship between two variables, ranging from -1 to 1.
Correlation Coefficient
A numerical measure that indicates the extent to which two variables fluctuate together. A value closer to 1 or -1 indicates a strong relationship.
Best Fitting Line
A line drawn through a scatterplot of data points that best expresses the relationship between those points.
Covariance
A measure that indicates the degree to which two variables change together. If the variables tend to show similar behavior, the covariance is positive; if they show opposite behavior, the covariance is negative.
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