Operations Management Principles DB 2

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Issue:

Business

 

Written by:

David G

 

Date added:

November 16, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 409

 

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7979 times

 

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(Stevenson, 2007) If longer-term forecasts are needed other techniques such as regression analysis would be required. All three techniques are easy to understand and easy to execute and these criteria do not give any advantage to any one of the techniques. Perhaps the most important factor about these techniques is that they are averaging techniques and smoothing the fluctuations...
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Perhaps the most important factor about these techniques is that they are averaging techniques and smoothing the fluctuations. They do not distinguish between random fluctuations and actual changes and hence, while using these techniques a trade-off needs to be made between smoothing and responsiveness...
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