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Variance: Grow revenue faster using customer data

Variance: Grow revenue faster using customer data Statistical model. In statistics, a random effects model, also called a variance components model, is a statistical model where the model parameters are random variables. It is a kind of hierarchical linear model, which assumes that the data being analysed are drawn from a hierarchy of different populations whose differences relate to that hierarchy. A random effects model is a special case of a mixed model. Contrast this to the biostatistics definitions, as biostatisticians use "fixed" and "random" effects to respectively refer to the population-average and subject-specific effects (and where the latter are generally assumed to be unknown, latent variables). https://en.wikipedia.org/wiki/Variance_component

Categories: Business, Web-based Applications
Topics: empowering salespeople with product data, grow revenue faster using customer data

Moz DA: 26 Moz Rank: 3.4 Facebook ♡: 86

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