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All of the following are components of carrying costs except:
Statistical Analysis
The process of collecting, examining, interpreting, and presenting numerical data to discover underlying patterns and trends.
Hypothesis Development
The process of formulating a testable statement based on existing knowledge, which can then be empirically investigated through research.
Modifying Theory
The process of revising, adjusting, or updating theoretical frameworks to incorporate new data, insights, or perspectives.
Induction
A reasoning process that moves from specific instances to a general conclusion, often used in scientific and logical arguments.
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