Forecasts for Groups of Items Tend to Be Less Accurate

question 2

True/False

Forecasts for groups of items tend to be less accurate than forecasts for individual items because forecasts for individual items are not subject to as many influencing factors.

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Definitions:

Main Effect

In the context of experimental design, it refers to the primary impact of an independent variable on a dependent variable, ignoring other variables.

Interaction Effect

Occurs when the effect of one independent variable on the dependent variable changes based on the level of another independent variable.

Crime Area

A region or locality with high incidence of criminal activity.

Main Effect

The direct impact of an independent variable on a dependent variable, disregarding the effects of or interactions with other variables.