A Time Series with Forecast Values Is Presented in the Following

question 41

Multiple Choice

A time series with forecast values is presented in the following table: If the mean absolute deviation (MAD) until September is 0.06,and the overall MAD is 0.05,
Then x = ______.

• A) 1.270
• B) 1.270 or 1.280
• C) 1.265 or 1.285
• D) 1.260 or 1.290
• E) 1.285

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Definitions:

Repetitive Facilities

Facilities designed for high-volume, repetitive operational processes, focusing on efficiency and consistency in production.

JIT

Just-In-Time, a management philosophy aimed at eliminating waste by receiving goods only as they are needed in the production process.

Kanban

A scheduling system for lean manufacturing and just-in-time manufacturing (JIT), signaling the need to move materials within a production facility or to the facility from the external supplier.

MRP

Material Requirements Planning, a software-based production planning and inventory control system used to manage manufacturing processes.