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A company's accounting clerk realizes that an error has been made-the period's income is overstated. The clerk will soon be leaving for another job and knows that the error will not be found for several months after she has gone. To avoid having to work longer to fix the error,she decides she won't say anything. Which of the following factors affected the intensity of the clerk's decision?
SST
Abbreviation for "Total Sum of Squares," which measures the total variance in a dataset.
SSE
Total of the squared differences between the actual data and the estimated values from a model, illustrating model accuracy.
Coefficient Of Determination
A statistical measure represented as R², which indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).
Least Squares Regression Line
The least squares regression line is a straight line that minimizes the sum of the squared differences between the observed values and the values predicted by the line.
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