Introduction to Management Science (10th Edition)

[Page 793 ( continued )]
technological forecast

a prediction of what types of technology may be available in the future

time series methods

statistical forecasting techniques that are based solely on historical data accumulated over a period of time

total revenue

the volume of units produced multiplied by price per unit

transportation model

a type of linear programming problem in which a product is to be transported from a number of sources to a number of destinations at the minimum cost

trend

a long- term movement of an item being forecast

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