Search results for keyword: forecasting
cost forecast
Cost forecasting
Cost forecasting is an important part of the budgeting process. By taking the time to estimate future expenditures, businesses and organizations can better plan for the future, ensuring they have the resources needed to cover their costs. Cost forecasting involves gathering data ......
1019 
Sophia
Batch incoming inspection
Just-In-Time Inventory (JIT)
Just-in-time (JIT) inventory is a lean manufacturing approach that requires manufacturers to maintain a minimal level of inventory at any given time. JIT inventory helps save costs and reduces overproduction. It also increases process efficiency and speed, because goo......
flexible budget
Elastic Budgeting
Elastic budgeting is an approach to budgeting that takes into account expected fluctuations in the market, cost of living, and other unpredictable fluctuations. It’s an alternative to the traditional static budgeting method, which is based on an average of what has already occu......
independent director
（一）
What is an Independent Director? An independent director is a director of a board of directors who has an unbiased perspective on the corporation and its operations. These directors are “independent” of any affiliation or relationship to the corporation and its shareholders and managemen......
probability analysis
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Probability analysis is an important part of decision making in most areas of life. In mathematics, and the related fields of statistics and survey methodology, probability analysis refers to the analysis of data and the use of probability theory to make decisions. It is used to determine the li......
Duyn's long wave theory
The Doppler-gust Theory: A Comprehensive Overview
The Doppler-gust (or also known as the Doppler-gust-induced wind) Theory is one of the major theories which explains why tropical cyclones (TCs) develop and intensify. The theory, first proposed by former research scientist and meteorologist Walte......
Short-term capacity adjustment method
INTRODUCTION
Short-term capacity adjustment is a necessary and important management measure in the production process of modern enterprises. In the process of production transformation, the adjustment of short-term capacity not only affects the enterprises operating costs, but also affects the mar......
Intervention Analysis Model Prediction
Intervention Analysis Model Prediction Method
Intervention analysis is a statistical technique used to assess the effect of a particular event of an intervention on the outcome of a time series. This method is useful when an event is suspected of influencing a time series, such as a policy change......
dynamic regression model
去说明
Introduction
Dynamic regression is a powerful analytical tool used to model how multiple outcome variables evolve over time. It incorporates both fixed effects and time-series predictors to determine how quickly a system is changing and how it interacts with different elements of the system......
non-Bayesian forecasting
Non-Bayesian Prediction
The world of predictive analytics is constantly evolving, and the technology that is used to build the most accurate and reliable forecasts is continually being perfected. However, while there are many sophisticated methods that can be used to make predictions, one of the ......
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