Examlex
What are the two important considerations for service innovation?
Profits
The net financial gain remaining after subtracting all costs, taxes, and expenses from revenue.
Simple Linear Regression
A technique in statistics that fits a linear equation to data points to model how a dependent variable changes with one independent variable.
Explanatory Variable
An explanatory variable, also known as an independent variable, is a variable in statistical modeling that is manipulated to assess its effects on a dependent variable.
Normally Distributed
Describes a data distribution shaped like a symmetrical bell curve, with mean, median, and mode all equal.
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