Examlex
When reliable forecasting is not available, managing risk can be implemented through:
Unusual Events
Occurrences that deviate significantly from the norm, which can impact operations, finances, or safety in various contexts.
Mean Absolute Deviation
A measure of variability that shows the average distance between each data point and the mean of the data set.
Correlation Coefficient
A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.
Trend Projection
A forecasting technique that involves analyzing historical data to identify consistent results or directions over time.
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