Examlex
Cross-docking processes items as they are received, rather than placing them in storage; this helps explain why "warehouses" are now called "distribution centers."
Least-Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of the squares of the differences between observed values and those predicted by a linear function.
Machine-Hours
A measure of production time, calculating the total hours a machine is operated within a specific period.
Inspection Costs
Expenses incurred to ensure that products or services meet specified quality and safety standards before being sold or delivered.
Least-Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of the squares of the differences between the observed and predicted values.
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