Predicting the Shape of a Fashion Curve Is Easier and More

question 21

True/False

Predicting the shape of a fashion curve is easier and more reliable than with a seasonal curve.

---

Definitions:

Systematic Sampling

A statistical sampling method where elements are selected from an ordered population using a fixed periodic interval.

Stratified Sampling

A method of sampling that divides the population into distinct layers or strata and then randomly selects samples from each stratum.

Confidence Intervals

A range of values, derived from the sample data, that is believed to contain the true population parameter with a certain level of confidence.

Point Estimate

A single value estimate used to approximate a population parameter, derived from sample data.