What action should be taken when unacceptable error is


1. What is random variation?

2. What is the mean absolute deviation (MAD)? Why is it useful in forecasting?

3. What action should be taken when unacceptable error is found in tracking a forecast?

4. What is the P/D ratio? How may it be improved?

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Mechanical Engineering: What action should be taken when unacceptable error is
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