Examlex
Business evaluation based on balance sheet methods offers one key advantage: it considers the future earning potential of the business.
Total SS
Total Sum of Squares (Total SS) represents the total variance in the observed data, measuring the overall deviation from the mean.
SSE
Sum of Squared Errors: the total deviation of the response values from the fit to an estimation model.
Randomization
A process in experimental design to ensure every participant has an equal chance of being assigned to any group, reducing bias.
Extraneous Factors
Variables that are not of interest in a study but could affect its outcome.
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