Examlex
Judgmental models are qualitative because they use expert opinion and previous experience to determine the forecast.
Linear
A mathematical relationship or equation in which the change in a variable is proportional to the change in another variable.
Nonlinear
Relating to or denoting a system of relationships that do not correspond proportionally to the level of inputs.
Time-Series Graph
A time-series graph is a visual representation of data points over a specific period of time, showing trends, patterns, or changes in the data.
Changing The Scale
involves adjusting the production capacity or operational size of a business to meet different levels of demand.
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