Examlex
Inventory management focuses on three basic questions: (1)how many units to hold in stock, (2)how many units of each item to order,and (3)at what point to reorder.
Predicted Score
An estimate based on a model or algorithm of what a variable's value will be based on other variables.
Regression Equation
An equation that describes the relationship between one dependent variable and one or more independent variables, often used to predict outcomes.
Regression Line
The line drawn based on values in a regression equation. Also known as a trend line.
Line Of Best Fit
The regression line that best fits the observed scores and minimizes the error in prediction.
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