LINE OF BEST FIT
Straight line drawn in the middle of a group of data points plotted on a scatter plot. It represents the results of data gathering on two variables and reflects if these two variables appear to be related to each other.
A more accurate procedure of determining the line of best fit is least squares method, a mathematical calculation. It is utilized in regression analysis that is the key input in statistical calculations such as sum of squares. Also, it can be used as a tool for evaluating trading activity or analyzing investment risk.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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