Quoting William McFadden:
2. Small Signal Parameters
The three parameters that primarily determine the frequency response
of a loudspeaker are compliance, free-air resonance, and Q.
The compliance, Vas, is a measure of the overall stiffness of the
cone, surround (the part the attaches to front of the cone), and
spider (the part that attaches to the rear of the cone). It is
specified as the volume of air having the same compliance as the
driver. A small number corresponds to a small volume of air, which is
stiffer than a larger volume of air. Thus, compliance and stiffness
are inversely proportional. Optimum enclosure volume is proportional
to Vas.
Free-air resonance, Fs, is the resonant frequency of the driver's
voice coil impedance with the driver suspended in free air (no
enclosure). The -3 dB frequency (F3) of an enclosure is proportional
to Fs.
The Q, Qts, is a measure of the sharpness of the driver's free-air
resonance. It is defined as (Fh-Fl)/Fs, where Fh and Fl are the upper
and lower -3 dB points of the driver's voice coil impedance in free
air. Optimum enclosure volume is related to Qts but is not directly
proportional. It is accurate to say that the volume gets larger as
Qts gets larger. Likewise, F3 gets smaller as Qts gets larger, and
for the sealed box enclosure, F3 is inversely proportional to Qts.