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Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.
Lead Time
The total amount of time it takes from the initiation of a process or order until it's completed, influencing inventory levels and customer satisfaction.
Variable Demand
A situation where the demand for products or services fluctuates over time, affected by various factors such as seasonality, market trends, or economic conditions.
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