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An incentive compensation scheme includes
Regression Line
A line plotted through the scatter plot of data points that best expresses the relationship between those points, typically used in linear regression.
Coefficient Of Correlation
A numerical measure that indicates the strength and direction of a linear relationship between two variables.
Confidence Interval Estimate
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.
Prediction Interval
A type of interval estimate of a predicted value of a variable based on a particular set of data, encompassing the uncertainty of the prediction.
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