When Forecast Errors Occur in a Normally Distributed Pattern, the Ratio

question 35

True/False

When forecast errors occur in a normally distributed pattern, the ratio of the mean absolute deviation to the standard deviation is 2 to 1, or 2 × MAD = 1 standard deviation.

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Definitions:

Online Survey

A data collection method using the internet to gather respondents' answers to a set of questions, used for research purposes.

Response Rates

The percentage of people who reply or respond to a particular call-to-action in marketing research, advertising, or promotional activities.

Anonymity

The state of being anonymous, where an individual's identity is not known or disclosed.

Quantitative Research

Research involving structured forms of data collection such as surveys, which quantifies attitudes, opinions, or behaviors.