Examlex
With one degree of freedom, the χ2 distribution looks similar to a normal distribution.
Delivery Time
The period it takes for a product or service to be delivered to a customer after an order has been placed.
Implied Demand Uncertainty
The unpredictability in demand faced by a company due to factors like customer preferences, market conditions, and technological changes, indirectly inferred through observed behaviors or trends.
Demand Uncertainty
The difficulty in accurately predicting customer demand, affecting inventory management, production planning, and capacity utilization.
Forecast Error
The difference between the forecasted value and the actual value that occurs, indicating the accuracy of forecasts.
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