What Products and Industries Does Geographic Distance Affect the Most

question 65

Essay

What products and industries does geographic distance affect the most?

---

Definitions:

Variation

The degree to which individual data points in a data set differ from each other and from the mean of the data set.

Scatterplot

A graphical representation of the relationship between two quantitative variables, with individual data points plotted on a two-dimensional axis.

Least Squares

A method for estimating the best-fitting line in linear regression by minimizing the sum of the squares of the differences between observed and predicted values.

Regression Line

A line of best fit through a data set in linear regression, showing the relationship between independent and dependent variables.