Examlex
Flexible budgets are also called static budgets.
Variation
The degree to which individual data points in a data set differ from each other and from the mean of the data set.
Scatterplot
A graphical representation of the relationship between two quantitative variables, with individual data points plotted on a two-dimensional axis.
Least Squares
A method for estimating the best-fitting line in linear regression by minimizing the sum of the squares of the differences between observed and predicted values.
Regression Line
A line of best fit through a data set in linear regression, showing the relationship between independent and dependent variables.
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