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Definition
-3 plus years
-involves design of supply chain, opening/closing plants, permanent capacity, can change by business or industry |
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Definition
3 months to 3 years
-adjustable capacity, fluctuate inventory, change employee levels, decide employee utilization, outsource/subcontract, |
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Definition
| doing things to adjust on the move |
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Term
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Definition
sample correlation coefficient
-1 < r < 1 |
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Term
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Definition
coefficient of determination
0 % change in y that can be explained in x |
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Term
| characteristics in data include |
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Definition
trends
cycles
irregular variation
random variation |
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Term
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Definition
| upward or downward movement in data |
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Definition
| represents patterns in data |
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Term
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Definition
| repeting pattern that occurs over several years |
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Definition
| caused by unusual circumstance (could be outlier) |
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Term
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Definition
| caused by chance and cant be predicted |
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Term
| if something repetes yearly... |
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Definition
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Term
| if something repetes quarterly |
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Definition
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