Examlex
The overall objective of installing ABC in service firms is no different than it is in a manufacturing company.
Random Variation
Unpredictable fluctuations that are inherent in processes or measurement methods and cannot be controlled.
Unpredictable Event
An event that cannot be anticipated or accurately predicted based on past or current information.
Moving Average
A statistical method to analyze data points by creating a series of averages of different subsets of the full data set, often used in time series analysis.
Forecasted Value
is a predicted value based on historical data and analysis, often used in statistics and economics.
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