In supply chain management, a static time-series method should be used when the estimates for level, seasonality, and trend may be based solely on historical data.
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The question discusses the appropriate use of a static time-series method in supply chain management, specifically in scenarios where estimates for level, seasonality, and trend rely exclusively on historical data.
Answer
True
True
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True
More Information
A static time-series method in supply chain management is used when the estimates for level, seasonality, and trend are constant and can be derived solely from historical data. This method doesn't update parameters with new data.
Tips
A common mistake is assuming that static methods adjust with new data; they don't. Parameters remain constant over time.
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