Examlex
What are the advantages of horizontal division of labor?
Forecast Accuracy
The degree to which forecasted values approach the actual realized values.
Mean Absolute Deviation
The average of the absolute differences between each value in a set of values and the mean of the set, used to quantify variability.
Sum of Squares
A statistical technique used to describe the amount of variation or dispersion of a set of data points.
Mean Absolute Deviation
The mean absolute deviation is a measure of dispersion in a dataset, calculated as the average of the absolute differences between each data point and the dataset's mean.
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