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Pure Digital Technologies Created the Flip,which Is a Digital Camera

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Pure Digital Technologies created the Flip,which is a digital camera that is priced around $150.It filled a gap between expensive digital cameras and web cams.The flip plugs straight into your computer and the video can easily be viewed and shared instantly.Creating a new product for a new market is called _____.

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Definitions:

Prediction Error

The difference between an observed value and the value predicted by a model.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables.

Correlations

A numerical value representing the level at which multiple variables co-vary.

Slope

The measure of the steepness or incline of a line, describing both its direction and its steepness.

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