ZitFi, a Wi-Fi Router Manufacturing Company, Recently Received an Order

question 107

Multiple Choice

ZitFi, a Wi-Fi router manufacturing company, recently received an order for 15 Wi-Fi routers. The client wanted each router to be able to connect to 10 devices. Although the brief mentioned almost all the specifications of the required router, ZitFi was not able to start the manufacturing process because the client did not provide any specifications regarding the range of each router. It is likely that ZitFi faced this issue because the information provided by the client was _____.

• A) inaccurate
• B) incomplete
• C) irrelevant
• D) inestimable

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Definitions:

Exponential Smoothing Model

A time series forecasting method that applies weighting factors which decrease exponentially to past observations.

Simple Exponential Smoothing

A time series forecasting method for univariate data that uses a weighted average of past observations, with the weights declining exponentially as the observations get older.

Mean Absolute Deviation

A measure of variability that represents the average absolute difference between each data point and the mean of the dataset.

Sales Details

Specific information related to the quantity, price, and attributes of goods or services sold.