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sinnefoula sinnefoula
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6 years ago
What is the difference between an associative model and a time-series model?
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Operations Management

Operations Management


Edition: 10th
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6 years ago
A time-series model uses only historical values of the quantity of interest to predict future values of that quantity. The associative model, on the other hand, incorporates the variables or factors that might influence the quantity being forecast.
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