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    Operations and Supply Chain Management Study Set 1
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    Exam 18: Forecasting
  5. Question
    When Forecast Errors Occur in a Normally Distributed Pattern, the Ratio
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When Forecast Errors Occur in a Normally Distributed Pattern, the Ratio

Question 11

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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