Examlex
If data exhibits a trend that is stochastic then
Unpredictable Demand
Variability in customer demand patterns that cannot be accurately forecasted, posing challenges for inventory management and planning.
Not Positively Correlated
Refers to a statistical relationship between two variables where one variable does not necessarily increase as the other increases or decreases as the other decreases.
Multiple Smaller Orders
Refers to the strategy of breaking down large orders for goods or services into smaller ones, often to manage risk, improve cash flow, or respond more flexibly to market demand.
Match Supply
the process of adjusting production levels, inventory, or supply chain capacities to meet the current or forecasted demand effectively.
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