Why Do We Use and Not Y in the Regression

question 59

Essay

Why do we use and not Y in the regression equation?

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Definitions:

Discount

A reduction from the usual cost of something, typically provided to incentivize a purchase or payment.

Perpetual Inventory

An inventory management system where stock levels are updated on a continuous basis as sales and purchases are made.

Cost of Goods Sold

The total cost directly tied to the production of goods sold by a company.

Schedule of Accounts Payable

A detailed list that tracks the amounts owed by a company to its suppliers or creditors.