Multiple Regression Definition and Explanation PDF | Download eBooks
Learn Multiple Regression definition in supply chain management with explanation to study “What is Multiple regression”. Study multiple regression explanation with SCM terms to review supply chain management course for online MBA programs.
Multiple Regression Definition:
An associative forecasting method with more than one independent variable.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Multiple Regression Explanation:
The main purpose of the multiple regression to identify the relationship between the variables such as independent, predictor and dependent. Organizations use these regression procedures to calculate certain equitable compensation plans. Firms can easily find the number of people supervise, amount of responsibility given to them by using this multiple regression technique.
Keep Learning Supply Chain Management Explanations
What is Stepping-stone method?
The Stepping Stone Method is utilized to check the optimality of the underlying attainable arrangement controlled by utilizing any of ...
What is Prototyping?
A model is a draft variant of an item that enables you to investigate your thoughts and demonstrate the expectation ...
What is Milestones?
A milestones achievement is an errand of zero term that demonstrates a significant accomplishment in a task. The achievements ought ...
What is Johnsons rule?
Johnson's standard is a technique for planning employments in two work focuses. Its essential target is to locate an ideal ...
What is Supply Network?
A supply system is an example of worldly and spatial procedures did at office hubs and over conveyance joins, which ...
What is Decision Support System (DSS?
A choice emotionally supportive network is a data framework that supports business or authoritative basic leadership exercises. DSSs serve the ...