Examlex
Reduced cycle time means an increase in steps in a work process.
Least Squares Method
The method used to develop the estimated regression equation. It minimizes the sum of squared residuals (the deviations between the observed values of the dependent variable, yi, and the predicted values of the dependent variable, ŷi).
Observed Values
The actual measurements or data collected in an experiment or study.
Predicted Values
The outcomes or values estimated based on a mathematical model or prediction equation.
Y-intercept
The point on a graph where a line intersects the Y-axis, often used to represent the starting value of a relationship in linear equations.
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