Find minimum level required to obtain quantity discount

Reference no: EM13146583

1.) In general terms, describe what time-series forecasting models are. Explain briefly why the larger number of periods included in a moving average forecast, the less well the forecast identifies rapid changes in the variable of interest.

2.) Also how inventory can act as a buffer in the production process. Discuss why it is sometimes prudent not to order the minimum level required to obtain a quantity discount.

Reference no: EM13146583

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