Linear regression analysis Notes: Definitions & Explanations PDF | Download eBooks
Study Linear regression analysis lecture notes PDF with supply chain management definitions and explanation to study “What is Linear-regression analysis?”. Study linear regression analysis explanation with SCM terms to review supply chain management course for online MBA programs.
Linear regression analysis Definition:
A straight-line mathematical model to describe the functional relationships between independent and dependent variables.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Linear regression analysis Notes:
The study of relationship of additive, linear between different variables and used in almost all statistical techniques. Two variables are considered one is dependent and denoted by Y and the other one is independent denoted by X. the independent variable is to predict with the variable value of X.
Keep Learning with Supply Chain Management Notes
What is Project Organization?
This process tells about the arrangements and decisions related to the realization and the complete process of the projects. These ...
What is Bath-Tub Curve?
The bath bend is created by mapping the pace of early "baby mortality" disappointments when previously presented, the pace of ...
What is Robust design?
It is the concept of Dr. Genichi Taguchi and he explains it as the reduction in variation of product without ...
What is Directing?
Coordinating is said to be a procedure wherein the directors train, control and regulate the presentation of the laborers to ...
What is Human Resource Strategy?
A Human Resource methodology is a business' general arrangement for dealing with its human money to adjust it to its ...
What is Program Evaluation and Review Technique (PERT)?
It can be explain as the tool used by organizations in their projects to schedule, organize and to coordinate the ...