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Explain Hierarchical Production and Capacity Planning

question 90

Essay

Explain hierarchical production and capacity planning. And calculate available-to-promise quantities.


Definitions:

Explanatory Variable

A variable in a statistical model that is believed to cause or explain changes in the response variable.

SST

Total sum of squares; a term used in statistics to describe the total variance in a dataset.

Total Sum Of Squares

A statistical measure representing the total variance in a dataset that is used to calculate the standard deviation and variance.

Sales

The exchange of goods or services for money; in a business context, it refers to the transactions leading to revenue.

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