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To Write a Report, You

question 22

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To write a report, you:


Definitions:

Forecast Error

The difference between the actual value and its forecasted value in a time series analysis.

Sum of Squares

The total squared difference between each observation and the mean of the data set, used in statistical analysis to measure variation.

Mean Absolute Deviation

A measure of variability that shows the average distance between each data point and the mean of the dataset.

Assignable Variation

Variation in a process that can be traced to specific causes, as opposed to random variation.

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