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The margin of error for forecasts of annual demand for a product will be smaller compared to the margin of error for forecasts of monthly
The margin of error for forecasts of annual demand for a product will be smaller compared to the margin of error for forecasts of monthly demand if
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Demand is independent from month to month
Demand is dependent from month to month
Forecast is based on past data
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Introduction to Operations and Supply Chain Management
Authors: Cecil B. Bozarth, Robert B. Handfield
4th Global edition
1292093420, 978-1292093420
