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Juan is a top manager at I.F.L., which uses a matrix structure. He oversees both the product and functional chains of command, and is responsible for maintaining a power balance between the two sides of the matrix. Juan is a:
Correlation Coefficient
The correlation coefficient is a statistical measure that calculates the strength and direction of a linear relationship between two variables.
Stepwise Regression
A method of regression analysis that involves automatic selection of independent variables to use in a model based on certain criteria.
Backward Elimination
A stepwise regression technique where all predictors are included in the model initially, and then the least significant predictor is removed step-by-step until the best model is identified.
Forward Selection
A stepwise approach in model selection where variables are added one by one based on their statistical significance.
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