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What is the variation not explained by the regression?
Indorsements
Written approvals or endorsements on documents, especially checks or promissory notes, to signify agreement, consent, or transfer.
Payable
Refers to debts or financial obligations that an entity is required to pay within a specific period, such as bills or invoices.
Negotiation
Negotiation is the process whereby interested parties discuss, deliberate, and come to an agreement on terms and conditions that are mutually acceptable.
Stacked Payees
involves multiple individuals or entities being listed on a financial instrument, requiring the endorsement of all listed before it can be negotiated or cashed.
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