Examlex
The raw material quantity variance can be determined by:
SSE
Sum of Squared Errors, which measures the total deviation of response values from the fit values in statistical models.
SST
Sum of Squares Total, a statistical measure that represents the total variance in a dataset.
Correlation Coefficient
A statistical measure that describes the extent of the linear relationship between two variables, ranging from -1 to 1.
Linear Relationship
A relationship between two variables where the change in one variable is directly proportional to the change in another.
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