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General Conditions of the Macro Environment Can Be Characterized After

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General conditions of the macro environment can be characterized after PESTL analysis and an assessment of globalization have been completed.


Definitions:

Test Statistics

Test statistics are calculated from sample data and used in hypothesis testing to determine whether to reject the null hypothesis.

Chi-Squared Value

The result of a calculation that measures how expectations compare to actual observed data, crucial in chi-squared tests for independence or goodness-of-fit.

Chi-Squared Test Statistic

A measure used in statistics that compares observed results with expected outcomes to test the hypothesis about the independence of two criteria.

Multinomial Experiment

An experiment that can lead to outcomes categorized into more than two categories, each with a specific probability.

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