[Page 789 ( continued )] - calculus
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a branch of mathematics that is concerned with the rate of change of functions; the two basic forms of calculus are differential calculus and integral calculus -
- calling population
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the source of customers to a waiting line -
- carrying cost
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the cost incurred by a business for holding items in inventory -
- causal forecasting methods
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a class of mathematical techniques that relate variables to other factors that cause forecast behavior -
- classical optimization
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the use of calculus to find optimal values for variables -
- classical probability
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an a priori probability -
- coefficient of determination
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a measure of the strength of the relationship between the variables in a regression equation -
- coefficient of optimism
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a measure of a decision maker's optimism -
- collectively exhaustive events
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all the possible events of an experiment -
- concave curve
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a curve shaped like an inverted bowl -
- conditional probability
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the probability that one event will occur, given that another event has already occurred -
- constrained optimization model
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a model that has a single objective function and one or more constraints -
- constraint
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a mathematical relationship that represents limited resources or minimum levels of activity in a mathematical programming model -
- continuous distribution
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a probability distribution in which the random variables can equal an infinite number of values within an interval -
- continuous random variable
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a variable that can take on an infinite number of values within some interval -
- convex curve
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a curve shaped like an upright bowl -
- correlation
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a measure of the strength of the causal relationship between the independent and dependent variables in a linear regression equation -
- critical path
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the longest path through a CPM/PERT network; it indicates the minimum time in which a project can be completed -
- critical path method (CPM)
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a network technique that uses deterministic activity times for project planning and scheduling -
- cumulative error
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a sum of the forecast errors -
- cumulative probability distribution
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a probability distribution in which the probability of an event is added to the sum of the probabilities of the previously listed events -
- cycle
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movement up or down during a trend in a forecast -
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