Examlex
Suppose a company decided to automate a production line. Explain what effects this would have on a company's cost structure using CVP terminology. Could these changes have any possible negative effect on the firm?
SSE
Sum of Squared Errors; a measure of the discrepancy between the data and an estimation model, representing the total deviation of the response values from the fit values.
Null Hypothesis
A hypothesis in statistical inference and testing that suggests no significant difference or effect, intending for it to be challenged by the alternative hypothesis.
Multiple Regression Model
A statistical technique that models the relationship between a dependent variable and two or more independent variables.
Independent Variables
Variables in an experiment or model that are manipulated to observe their effect on dependent variables.
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