Mgsc 395 exam 3 Study guides, Class notes & Summaries
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MGSC 395 Exam 3 with correct Answers
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time series - CORRECT ANSWER-the repeated observations of demand for a 
service or product in their order of occurrence 
Horizontal Time Series - CORRECT ANSWER-the fluctuation of data around a 
constant mean 
Trend Time Series - CORRECT ANSWER-a systematic increase or decrease in 
the average of the series over time 
Seasonal Time Series - CORRECT ANSWER-a repeatable pattern of increases 
or decreases in demand, depending on the time of day, week, month, or season 
Cyclical Time Series - CORREC...
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MGSC 395 Exam 3 | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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For what organizational decisions are demand forecasts used? 
: -long term(general forecast) 
-intermediate term(product family/service lines) 
-short term(detailed) 
What are the costs/risks of forecasts that are too high or too low? 
: Too high: 
-surplus of inventory 
-price markdown(blackfri.) 
-too many employees 
Too low: Not enough.. 
-product for demand 
-people working(bad customer service) 
2 | P a g e 
What are characteristics of all forecasts? 
: -ALL wrong to some degree 
-"aggrega...
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MGSC 395 Exam 3 with correct Answers
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MGSC 395 Exam 3 with correct Answers
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS
- Exam (elaborations) • 7 pages • 2024
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Bottlenecks exist in which type of manufacturing processes? - CORRECT 
ANSWER-Job process, batch process, line process 
The theory of constraints methods increases the firms profits more effectively by 
focusing on what - CORRECT ANSWER-making materials flow rapidly through 
the entire system 
The theory of constraints defines inventory as - CORRECT ANSWER-all the 
money invested in a system in purchasing things that it intends to sell 
Of the seven key principles of the theory of constraints, w...
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS UPDATED.
- Exam (elaborations) • 6 pages • 2024
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS UPDATED.
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MGSC 395 Exam 3 with correct Answers
- Exam (elaborations) • 5 pages • 2024
- Available in package deal
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- $7.99
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time series - CORRECT ANSWER-the repeated observations of demand for a 
service or product in their order of occurrence 
Horizontal Time Series - CORRECT ANSWER-the fluctuation of data around a 
constant mean 
Trend Time Series - CORRECT ANSWER-a systematic increase or decrease in 
the average of the series over time 
Seasonal Time Series - CORRECT ANSWER-a repeatable pattern of increases 
or decreases in demand, depending on the time of day, week, month, or season 
Cyclical Time Series - CORREC...
-
MGSC 395 EXAM 3 QUESTIONS AND ANSWERS
- Exam (elaborations) • 5 pages • 2024
- Available in package deal
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- $10.99
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS
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MGSC 395 Exam 3 with correct Answers.
- Exam (elaborations) • 5 pages • 2024
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- $7.99
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MGSC 395 Exam 3 with correct Answers.
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS UPDATED. with complete solution
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
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- $7.99
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MGSC 395 EXAM 3 QUESTIONS AND ANSWERS UPDATED. with complete solution