Which of the Following Is Not a Suggested Source for Forecasting

question 167

Multiple Choice

Which of the following is not a suggested source for forecasting sales?

• A)Customer-provided requirements
• B)Historical sales data
• C)Random statistical data
• D)Industry projections

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Definitions:

Degrees of Freedom

The count of individual values or magnitudes that may be allocated to a statistical distribution without breaking any limitations.

Sample Size

The number of observations or individuals taken from a population to form a sample for the purpose of statistical analysis.

Variance Accounted

A measure of the proportion of the total variance in a dataset that is explained or accounted for by a statistical model or factor.

Correlation

A numerical indicator that reveals the degree to which two factors vary in tandem, showcasing the intensity and orientation of their association.