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Time-Space Compression Is One of the Key Dynamics of Globalization

question 19

Essay

Time-space compression is one of the key dynamics of globalization. Explain just exactly what time-space compression is and how it works, and give an example.


Definitions:

Regression Coefficients

Numerical values that represent the relationship between the independent variable(s) and the dependent variable in a regression analysis.

Estimated Regression Line

A line that runs through a scatter plot of data points, optimally representing the connection between those points.

y-Intercept

The point where a line crosses the y-axis in a graph, representing the value of the dependent variable when all independent variables are zero.

Slope

In a linear equation, the coefficient that represents the rate of change of the dependent variable with respect to the independent variable.

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