One Way for Amy to Forecast Demand Is to Look

question 69

True/False

One way for Amy to forecast demand is to look at her company's previous sales reports.

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Definitions:

Variability

Refers to the extent to which data points in a statistical distribution or dataset differ from each other.

Range

The difference between the highest and lowest values in a set of data.

Interquartile Range

A measure of variability, defined as the difference between the upper (75th percentile) and lower (25th percentile) quartiles.

Range

Range is the difference between the highest and lowest values in a set of data, indicating the spread or variability of the dataset.