Examlex
The Las Vegas method is a simulation technique that uses random elements when chance exists in their behaviour.
Factorial Analysis
An analytical technique for interpreting the variability in observed, correlated variables through fewer unseen variables termed factors.
Interaction Effects
Occur when the effect of one variable depends on the level of another variable in statistical models.
Independent Variables
Variables that are manipulated or changed in an experiment to test their effects on dependent variables.
Planning Beyond
A strategic approach focusing on setting long-term goals and objectives beyond the usual planning horizon.
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