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 Make-or-buy decision?
Due to increase globalization firms always tried to get product or material at very cheap rate. So, they sometimes outsource ...
What is Transportation model?
At the point when an administration chooses to build up an office, it needs to deliberately characterize its arrangement for ...
What is PDCA?
This is also known as Shewhart cycle and this cycle is used by the organizations to check and control the ...
What is Back-Office?
A back office in many organizations is the place work that supports front office work is finished. The front office ...
What is Postponement?
Inside store network the board , deferment is a conscious activity to postpone last assembling or dissemination of an item ...
What is Qualifiers?
A qualifier is a word that points of confinement or improves another word's importance. Qualifiers influence the sureness and explicitness ...