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Trend Analysis Is a Qualitative Approach to Labour Demand Forecasting

question 64

True/False

Trend analysis is a qualitative approach to labour demand forecasting.


Definitions:

Transform The Data

The process of applying a mathematical modification to data in order to make it more suitable for analysis.

Not Normal

Refers to data that does not follow a normal distribution, which can impact the choice of statistical tests.

Normally Distributed

A distribution of probabilities that exhibits balance around the mean, with a higher occurrence rate for data close to the mean compared to data farther from the mean.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all values by the count of values.

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