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The following is the list of MAD statistics for each of the models you have estimated from time-series data: Based on the MAD criterion, the most appropriate model is
Marginal Subcontracting Cost
The additional cost incurred for producing one more unit of a product through subcontracting.
Layoff Cost
The financial charges incurred by a company when it has to terminate employees, which can include severance pay, benefits continuation, and other related expenses.
Hiring And Training Cost
Expenses related to recruiting new employees and providing them with the necessary skills and knowledge for their positions.
Regular Time Cost
The cost associated with normal working hours, including wages for employees and operational expenses incurred during standard business hours.
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