Examlex
In lean operations, when work is completed at one work center, it is important to immediately move the completed work to the next work center to minimize idle time.
Four-period Centered Moving Averages
A technique used to smooth out data series to identify the underlying trend, calculated by averaging each set of four consecutive data points.
Time Periods
Distinct intervals of time that can have varying lengths and are often used for measurement, analysis, or comparison purposes.
Seasonal Variation
Fluctuations in statistical or economic data that occur at regular intervals due to seasonal patterns.
Random Variation
The inherent unpredictability in the outcomes of a process, often analyzed in statistical contexts to understand or model data.
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