Examlex
Assuming there is sufficient customer demand either way, how does a company decide whether to sell a product or to process it further? When should it be processed further?
Coefficient Of Determination
A statistical measure, often denoted as R², indicating the proportion of the variance in the dependent variable that is predictable from the independent variable(s).
Variation
The variability or spread in a set of data, measurements, or quantities showing how much they differ from each other.
Response Surface
A visual representation of the relationship between one or more independent variables and the response they cause, often used in optimizations.
Sum Of Squares
A statistical technique used to measure the variability within a dataset, calculated by summing the squared differences from the mean.
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