Examlex
Bayes' rule is a rule to assign probabilities under the relative frequency method.
Source Data Processing
The handling or manipulation of raw data to prepare it for further analysis, including validation, sorting, reduction, and transformation.
MRP II
Stands for Manufacturing Resource Planning, an evolution of Material Requirements Planning (MRP) that integrates additional data, such as employee and financial needs, to support manufacturing processes.
MRP
Material Requirements Planning; a system that calculates the materials and components needed to manufacture a product.
ERP
Enterprise Resource Planning; a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, and supply chain operations.
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