The closer the actual observations, when compared with forecasted values on a scatter diagram, are to the

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The closer the actual observations, when compared with forecasted values on a scatter diagram, are to the diagonal line, the better the forecasts. Is this correct?

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Business Statistics Using Excel

ISBN: 9780199659517

2nd Edition

Authors: Glyn Davis, Branko Pecar

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Question Posted: Nov 28, 2023 02:40 AM

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The closer the actual observations, when compared with forecasted values on a scatter diagram, are to the

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Yesthat is correctA scatter diagram of actual observations versus forecasted values can be used to a...View the full answer

Business Statistics Using Excel

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