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Demand (sales) forecasts serve as inputs to financial, marketing, and personnel planning. True or false In a regression equation where Y is demand and X
Demand (sales) forecasts serve as inputs to financial, marketing, and personnel planning.
True or false
In a regression equation where Y is demand and X is advertising, a coefficient of determination (r squared) of .70 means that 70% of the variance in advertising is explained by demand.
True or false
The forecasting model that pools the opinions of a group of experts or managers is known as the:
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