One of the disadvantages of a regression-based linear trend forecasting model is that the forecast errors are computed for time periods that were used in developing the forecasting model and thus do not truly measure the forecasting ability of the

model. Indicate whether the statement is true or false

TRUE

Business

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MPR can hold down promotion cost because it costs less than direct-mail and media advertising

Indicate whether the statement is true or false

Business

In a short essay, discuss measures of location as they are associated with frequencies. Include a discussion of mean, mode, and median to support your answer

What will be an ideal response?

Business