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Define Variability Within the Context of JIT

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Define variability within the context of JIT.


Definitions:

Linear Trend Line

A straight line that best represents the data on a scatter plot, showing the direction and rate of a variable's change over time.

Holiday Hours

The specific hours of operation for businesses or institutions during holiday periods, which may differ from regular hours.

Trend Analysis

The practice of collecting data and attempting to spot a pattern, often used in technical analysis to predict future movements based on past trends.

Seasonal Variation

Periodic fluctuations in data or statistics that recur in a consistent pattern each year within the same period.

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