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What is the term for transferring data from the General Journal to the General Ledger?
Least Squares Regression Line
A straight line that minimizes the sum of the squared differences between observed and predicted values in a dataset.
Slope
In the context of a linear equation, slope represents the rate of change between two variables, indicating how much one variable changes for a unit change in another variable.
Predicted Value
The estimated outcome based on a statistical model or regression analysis.
Least Squares Regression Line
This is a straight line that best fits the data on a scatter plot, minimizing the sum of the squares of the vertical distances of the points from the line.
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