Variance analysis, also described as analysis of variance or ANOVA, involves assessing the difference between two figures. It is a tool applied to financial and operational data that aims to identify ...

A variance occurs when expenses such as revenue or labor are either more or less than what the company anticipated and budgeted for. Hospitality businesses such as hotels and restaurants can ...

Part I: The analysis of variance in the case of models with fixed effects and independent observations of equal variance -- Point estimation -- Construction of confidence ellipsoids and tests in the ...