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If it is desired to include marital status in a multiple regression model by using the categories single,married,separated,divorced,widowed,what will be the effect on the model?
Advanced Planning Systems
Sophisticated software tools designed to assist in the planning and optimization of operations, logistics, supply chain, and inventory management.
Data Quality
The measure of the condition of data based on factors such as accuracy, completeness, reliability, and relevance, impacting its usefulness in decision-making.
Aggregate Planning
A process by which a company determines ideal levels of capacity, production, subcontracting, inventory, and stockouts to meet demand over a specified timeframe, generally medium term.
Linear Programming
A mathematical technique used to achieve the best outcome (such as maximum profit or minimum cost) in a mathematical model whose requirements are represented by linear relationships.
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