Examlex
People who age in the same generation belong to the same cohort.
High-low Method
A technique in managerial accounting used to estimate the variable and fixed cost components of a cost formula, analyzing the highest and lowest levels of activity.
Scattergraph
A graphical method used in statistics to display the values of two variables for a set of data, helping to identify the relationship between them.
Independent Variable
A variable that acts as a causal factor; activity is the independent variable, as represented by the letter X, in the equation Y = a + bX.
Least-squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of the squares of the vertical deviations from each data point to the line.
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