What Is a Statistical Process That Finds the Way to Make

question 145

Multiple Choice

What is a statistical process that finds the way to make a design, system, or decision as effective as possible; for example, finding the values of controllable variables that determine maximal productivity or minimal waste?

• A)prediction
• B)optimization
• C)forecasting
• D)regression

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Definitions:

Goal setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives.

Negotiations fail

Occurrences when discussions or talks break down without reaching an agreement, due to various reasons such as misunderstandings, lack of compromise, or conflicting interests.

Clear objectives

Objectives that are plainly defined, unambiguous, and easy to understand, facilitating more focused and effective action.

Issues

Issues in negotiations are the points of discussion, dispute, or interest that need to be resolved or agreed upon by the parties involved in the negotiation process.