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A ___________Is a Rule of Thumb or a Rule of Good

question 14

Essay

A ___________is a rule of thumb or a rule of good guessing.


Definitions:

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Forecast Accuracy

The degree to which a forecast predicts actual outcomes.

Sum of Squares

A statistical technique used to measure the variation or dispersion of a set of values, by quantifying the summation of the squared differences between each value and the mean of the set.

Deseasonalized Time Series

A time series from which seasonal effects have been removed to analyze the underlying trend without seasonal variability.

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