Asked by Paula marques on May 02, 2024
Verified
When a commercial janitorial service company predicts demand for its services using commercial building permits issued,office leasing and vacancy rates,this is an example of:
A) a repetitive pattern modeling tool.
B) a time series forecasting technique.
C) a deterministic model.
D) a causal model.
E) a qualitative forecasting technique.
Causal Model
A conceptual model that describes the causal mechanisms and relationships between variables within a system.
Deterministic Model
A mathematical model in which outcomes are fully determined by parameter values and initial conditions, with no randomness involved.
Janitorial Service
A business or service that provides cleaning and maintenance for buildings, offices, and residential complexes.
- Master the balancing of assorted costs to identify the most favorable purchasing volume and schedule.
Verified Answer
Learning Objectives
- Master the balancing of assorted costs to identify the most favorable purchasing volume and schedule.
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