Two Main Types of Benchmarking Are

question 43

Multiple Choice

Two main types of benchmarking are:

• A) compare against net sales & against total assets
• B) compare against Stats Canada & against net sales
• C) compare against another company and against an industry average
• D) compare against an industry average and against Stats Canada

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Definitions:

SST

In the context of statistical analysis, particularly ANOVA, this can refer to the Total Sum of Squares, which measures the total variation in the data. NO.

Categorical Independent Variable

An independent variable with categorical data.

Dependent Variable

A variable in an experiment or study whose changes depend on the manipulation of the independent variables.

Logistic Regression

A statistical method for analyzing datasets in which there are one or more independent variables that determine an outcome. The outcome is measured with a dichotomous variable (in which there are only two possible outcomes).