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TABLE 3-11
Given below are the closing prices for the Dow Jones Industrial Average (DJIA) and the Standard & Poor's (S&P) 500 Index over 10 weeks.
-Referring to Table 3-11, you will expect an increase in the DJIA to be associated with
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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