Discover how to calculate variable overhead spending variance, its impact on costs, and examples of favorable vs. unfavorable ...

Learn what analysis of variance (ANOVA) is, how it works, and when to use it. See how it helps compare means across multiple data groups in statistics and research.

Labor price variance, or direct labor rate variance, measures the difference between the budgeted hourly rate and the actual rate you pay direct labor workers who directly manufacture your products.

Market size variance and market share variance are two ways of using market data to determine its effect on a company's profits. While the two terms are related, they calculate the effects of ...

Until 2017, genome-wide polygenic scores derived from genome-wide association studies (GWAS) of intelligence were able to predict only 1% of the variance in intelligence in independent samples.

For example, let's say that your company has a 20% share of the market for a certain product, and that when you made your budget, the market for this product was expected to be for 110,000 units.