External Validity Means You Are Comparing Your Results to Those

question 69

True/False

External validity means you are comparing your results to those of similar size organizations.

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Definitions:

Causal Forecasting Methods

Techniques that predict future events based on identified relationships between dependent and independent variables, taking into account factors that cause variations in data.

Simulation Forecasting Methods

Techniques that use models to predict future outcomes based on varying inputs and scenarios, helping in decision-making processes.

Collaborative Forecast

A forecast made using input from multiple stakeholders, such as suppliers, customers, and partners, to improve accuracy and planning.

Supply Chains

The entire network of entities involved, directly or indirectly, in serving a customer with a product or service.