Examlex
In a time study the standard time is calculated as
First-order
Generally pertains to the most basic or primary level of something, often used in mathematical and logical expressions indicating the initial or simplest case.
Least Squares Method
The least squares method is a statistical technique used to determine the best-fit line for a set of data, by minimizing the sum of the squares of the differences between observed and estimated values.
Best Fit
A method or line that best approximates the relationship between variables in a set of data.
Minimizes
The process of finding the lowest value of a function, often relevant in optimization problems.
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