Explain the Concept of an Application Service Provider

question 42

Essay

Explain the concept of an application service provider.

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Definitions:

Stepwise Regression

A statistical method of building a regression model by successively adding or removing variables based solely on the t-statistics of their estimated coefficients.

Curvilinear Relationships

Relationships between two variables in which the change in one variable is associated with a non-linear change in another variable.

Dependent Variable

The variable in an experiment or study that is expected to change in response to manipulations of the independent variable.

Dummy Variable

A numeric variable used in regression models to represent categories of a qualitative variable with a series of zeros and ones.