Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

This refers to any bias in a predictive model which is the result of the omission of variables that are relevant to the outcome. The omission of a relevant variable can, among other things, lead to ...

Analysis of variance (ANOVA) is a statistical analysis tool that separates total variability found within a data set into two components: random and systematic factors.

Get the latest news and market analysis from our in-house experts. Unlike variable cost which is subject to change depending on volume of a product or service provided, fixed costs are those which do ...