Technology Use by Organizations Can Be Strategic and a Powerful

question 88

True/False

Technology use by organizations can be strategic and a powerful enabler of competitive advantage.

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Definitions:

Scatter Diagram

A graphical representation that displays the relationship between two quantitative variables using Cartesian coordinates to display values for typically a set of data.

Least Squares Line

A straight line that best fits the data points of a scatter plot, minimizing the sum of the squares of the vertical distances of the points from the line.

Covariance

Covariance is a measure that indicates the extent to which two random variables change in tandem. A positive covariance means that the variables tend to move in the same direction, while a negative covariance means they move inversely.

Least Squares Line

A straight line that minimizes the sum of the squares of the differences between observed and theoretical values.