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Sales Data Generated by Using Statistical Forecasting Techniques Is Used

question 7

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Sales data generated by using statistical forecasting techniques is used to for creating determinant gap map.


Definitions:

Population Members

The individuals or items that make up the entire group being studied in statistical analysis.

Selection Bias

A distortion of statistical analysis resulting from the method of collecting samples leading to an unrepresentative sample.

Target Population

The entire group about which researchers are interested in drawing conclusions or making generalizations, in a statistical study.

Biased Opinion

A preference or inclination that precludes an impartial judgment, often resulting from preconceived notions or prejudices.

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