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Which of the following is not a Lot sizing technique 1. The lot-for lot technique 2. The EOQ approach 3. Mini-Max approach 4. Period order quantity approach
3. Mini-Max approach - is not a Lot sizing technique.
Expert answered|weegy2x|Points 901|
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Asked 10/19/2013 6:39:35 AM
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All of the following are key areas of forecasting except 1. Better materials management 2. Rationalized manpower decisions 3. Basis for planning and scheduling 4. Routine decisions
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If a forecast repeatedly overestimates actual demand, bias will have 1. Positive value 2. Negative value 3. Zero value 4. Infinity
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Updated 10/19/2013 5:45:36 AM
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If a forecast repeatedly overestimates actual demand, bias will have POSITIVE VALUE.

Added 10/19/2013 5:45:36 AM
This answer has been added to the Weegy Knowledgebase
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