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Implementing ERPs Very Often Results in Dismal Success Rates and Runaway

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Implementing ERPs very often results in dismal success rates and runaway costs.


Definitions:

Coefficient of Determination

A statistical measure, often denoted as R-squared, that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Linear Regression

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

Sum of Squares

A statistical measure that quantifies the total variability within a dataset, used in various statistical methods to analyze variance.

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together.

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