coded factors
Definition
The replacement of factor values in an experiment design with simpler values, typically -1 and +1, in order to determine the influence of each factor on the outcome of a business process on a simplified numerical basis. Simplifying the statistical treatment allows the experiment design to focus on the relationships between factors without having to perform experimental runs for a wide range of values.
Related Articles
- Municipal Bonds *
- Planning to Retire? Don't Count On Social Security Alone *
- Understanding GARP Stock Investing Strategy *
- Buying and Selling Investments *
- Finding a Financial Advisor Means Looking Past the Neighborhood *
- Choosing a Stock *
- Introduction to IRAs and Distribution Options *
- "Leap" Options *
Related Videos
http://www.businessdictionary.com/definition/coded-factors.html
