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Managers may intentionally build slack into the budget
Estimated Values
Values calculated within a statistical model that approximate the real data points, often used in making predictions.
Coefficient Of Determination
A statistical measure that indicates the proportion of the variance in the dependent variable predictable from the independent variable(s).
Standard Error
A statistical measure that estimates the accuracy of a sample mean by quantifying the dispersion of sample means around the population mean.
Regression Model
A statistical technique used to analyze the relationship between a dependent variable and one or more independent variables.
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