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coefficient of multiple correlation (CI ) A statistic which measures the extent to which changes in a dependent variable are explained by the joint variation in the independent variables chosen to explain it. It is the square root of the coEFFICIENT OF MULTIPLE DETERMINATION.
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mark-up pricing (D4)<br />The formation of a product price by adding a percentage for profit to unit average cost. A gross mark-up includes a contribution to overhead costs; a net mark-up does not, as the unit cost includes a contribution to overheads, assuming a particular output. The theory was designed as a realistic alternative to using marginal measures to calculate prices. It has been asserted that this pricing method is a major cause of COST-PUSH INFLATION.<br /><em>See also:</em>Kalecki
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