Examlex
What is the actual hardware that interprets and executes the program (software) instructions and coordinates how all the other hardware devices work together?
Forecast Error
The difference between the actual demand and the forecasted demand, indicating the accuracy of forecasting methods.
Moving Average
A statistical method used to analyze data points by creating a series of averages of different subsets of the full data set.
Excel Function
A predefined formula in Microsoft Excel that performs calculations using specific values in a particular order.
Mean Absolute Deviation
A statistical measure that quantifies the average absolute deviation of data points from their mean, used to gauge variability within a dataset.
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