Examlex
Revenue management may also be defined as the use of differential pricing based on customer segment,time of use,and product or capacity availability to increase supply chain surplus.
Prediction Interval Estimate
An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.
Confidence Interval Estimate
A range of values defined so that there is a specified probability that the value of a parameter lies within it.
Coefficient Of Determination
A statistical measure that assesses the proportion of variance in the dependent variable predictable from the independent variable(s).
Coefficient Of Correlation
A numerical measure that quantifies the strength and direction of a linear relationship between two variables.
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