Examlex
A competency-based pay system rewards employees who are versatile and have continued to develop their skills.
Multicollinearity
A situation in regression analysis where two or more predictors are closely correlated, making it difficult to distinguish their individual effects.
Predictor Variables
Variables in statistical models that are used to predict or estimate the value of another variable, known as the response variable.
Regression Analysis
A statistical method for modeling the relationship between a dependent variable and one or more independent variables.
Response Variables
Variables that measure the outcome of a study or experiment, showing the effect of manipulations in predictor variables.
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