Examlex
Data from the Bureau of Labor Statistics show that the largest category of consumer spending is housing.
R-squared
A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.
Dependent Variable
A variable that responds to some causal factor; total cost is the dependent variable, as represented by the letter Y, in the equation Y = a + bX.
Independent Variable
A variable in an experiment that is manipulated to observe its effect on the dependent variable.
Variable Manufacturing Cost
Direct costs associated with manufacturing, changing with the level of output, including direct materials, direct labor, and variable manufacturing overhead.
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