When Forecast Errors Occur in a Normally Distributed Pattern, the Ratio

question 11

True/False

When forecast errors occur in a normally distributed pattern, the ratio of the mean absolute deviation to the standard deviation is 2 to 1, or 2 x MAD = 1 standard deviation.

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Definitions:

Gastric Glands

Glands located in the lining of the stomach that secrete acid and enzymes, crucial for the digestion process.

Stomach

A muscular hollow organ in the gastrointestinal tract of animals for digesting food chemically and mechanically.

Digestive System

A series of organs responsible for breaking down food into nutrients, which the body uses for energy, growth, and cell repair.

Nutrients

Substances obtained from food that are vital for growth, metabolism, and for maintaining health.