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Which of the Following Forecasting Methods Is Very Dependent on Selection

question 85

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Which of the following forecasting methods is very dependent on selection of the right individuals who will judgmentally be used to actually generate the forecast?


Definitions:

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.

Positively Correlated

A relationship between two variables in which they move in the same direction; as one increases, the other also increases.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Equal Investment

A strategy where an investor allocates the same amount of money into each investment within a portfolio.

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