Examlex
A direct labor efficiency variance is favorable if laborers actually work more hours than the flexible budget calls for to produce the actual quantity of output.
Seasonally Adjusted
Data that has been modified to remove effects of seasonal patterns to provide a clearer view of non-seasonal trends.
Regression Technique
A statistical method used for estimating the relationships among variables, often to predict the value of a dependent variable based on the values of one or more independent variables.
Linear Trend Line
A straight line that best represents the data on a scatter plot, showing the direction and rate of a variable's change over time.
Holiday Hours
The specific hours of operation for businesses or institutions during holiday periods, which may differ from regular hours.
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