An Operation Analyst Is Forecasting This Year's Demand for One

question 86

Multiple Choice

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: What is this year's forecast using the least squares trend line for these data?

• A)20,000
• B)21,000
• C)22,000
• D)23,000
• E)24,000

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Definitions:

People-based Services

Services that are intensely labor-oriented, where the quality and value are heavily dependent on the personal skills, interactions, and professionalism of the service provider.

Skilled Operators

Workers or professionals who possess specialized skills or expertise, particularly in handling complex machines or processes.

Unskilled Labor

Refers to labor that requires no specialized skills, education, or training.

Professionals

Individuals who have obtained specific qualifications and expertise in a certain field, typically requiring a high level of education or training.