Learn how to select the best performing linear regression for univariate models

 Posted on Posted on: 18.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Learn how to select the best performing linear regression for univariate models

Because most humans have a hard time visualizing four or more dimensions, there’s no good visual way to summarize all the information in a multiple regression with three or more independent variables. Another assumption of multiple regression is that…

Overview for Fit Regression Model

 Posted on Posted on: 18.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Overview for Fit Regression Model

R-squared (R2) is a statistical measure that represents the proportion of the variance for a dependent variable that’s explained by an independent variable or variables in a regression model. Whereas correlation explains the strength of the relations…

Advantages and Demerits of Activity Based Costing

 Posted on Posted on: 18.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Advantages and Demerits of Activity Based Costing

ABC is generally used as a tool for understanding product and customer cost and profitability based on the production or performing processes. As such, ABC has predominantly been used to support strategic decisions such as pricing, outsourcing, ident…

What Steps to Take Before Approving an Invoice for Payment

 Posted on Posted on: 18.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on What Steps to Take Before Approving an Invoice for Payment

Having a standard procedure for approving invoices helps you avoid these costly mistakes. Having a streamlined process also lets you pay vendors and contractors faster, fostering goodwill and better business relationships….

The Difference Between Invoice and Receipt

 Posted on Posted on: 17.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on The Difference Between Invoice and Receipt

A receipt is a written acknowledgment that something of value has been transferred from one party to another. In addition to the receipts consumers typically receive from vendors and service providers, receipts are also issued in business-to-business…

What is PURE RAW MATERIAL? definition of PURE RAW MATERIAL

 Posted on Posted on: 17.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on What is PURE RAW MATERIAL? definition of PURE RAW MATERIAL

As such, the purpose of each seems to be that of maintaining a high level of customer service or part of an attempt to minimize overall costs. When large quantities are ordered or produced, inventory holding costs are increased, but ordering/setup co…

Liquidity Ratios

 Posted on Posted on: 17.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Liquidity Ratios

In short, the P/E shows what the market is willing to pay today for a stock based on its past or future earnings. A high P/E could mean that a stock’s price is high relative to earnings and possibly overvalued. Conversely, a low P/E might indicate th…

Regression Analysis: How Do I Interpret R-squared and Assess the Goodness-of-Fit?

 Posted on Posted on: 17.08.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Regression Analysis: How Do I Interpret R-squared and Assess the Goodness-of-Fit?

This yields a list of errors squared, which is then summed and equals the unexplained variance. R-squared (R2) is a statistical measure that represents the proportion of the variance for a dependent variable that’s explained by an independent variabl…