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Author Question: A sales and operations planning process (S&OP) can produce a forecast internally that all ... (Read 167 times)

kodithompson

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on: Jun 28, 2018
A sales and operations planning process (S&OP) can produce a forecast internally that all functional areas agree upon and can execute.
 
 Indicate whether the statement is true or false

Question 2

Explain the comparative fit index (CFI) and how it is used to determine fit.


ms_sulzle

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Reply #1 on: Jun 28, 2018
Answer to Question 1

True

Answer to Question 2

The comparative fit index (CFI) provides an index showing the fit of a model relative to a null model (one that would theorize no relationships among variables). The CFI can range from 0 to 1 . Higher values are associated with good fit. While it's impossible to give a single CFI cutoff that distinguishes good from bad fitting models, a model of moderate complexity (12 < m <30) with a sample size of 200 or more should produce CFI values greater than 0.95 to be a candidate for good fit. As more variables or a very large sample size is involved, the expectation drops slightly (CFI  0.93). In contrast, with samples below 200 and noncomplex models (12 or fewer variables), CFI values of 0.98 or greater provide evidence of good fit.


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