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i. The technique used to measure the strength of the relationship between two sets of variables using the coefficient of correlation and the coefficient of determination is called regression analysis. ii. In order to visualize the form of the regression equation, we can draw a scatter diagram.
iii. The equation for a straight line going through the plots on a scatter diagram is called a regression equation. It is alternately called an estimating equation and a predicting equation.
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The financial investment required to broaden the scope of business activities, such as entering new markets or increasing production capacity.
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