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A company wants to forecast demand using the weighted moving average.If the company uses two prior yearly sales values , and we want to weight year 2011 at 10% and year 2012 at 90%, which of the following is the weighted moving average forecast for year 2013?
Flexible Manufacturing
A system that allows for quick and efficient adjustments to production processes in order to accommodate changes in product design or demand.
Agile Manufacturing
A highly flexible production approach aimed at adapting quickly to market changes and customer demands while maintaining high quality and cost-effectiveness.
Mass Customization
A strategy of producing goods and services to meet individual customer needs with near mass production efficiency.
Product Dissatisfaction
The negative feeling or reaction a customer has towards a product that fails to meet their expectations or needs.
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