If Xij = the production of product i in period j, write an expression to indicate that the limit on production of the company's three products in period 2 is 400

What will be an ideal response?

Answer: X12 + X22 + X32 ≤ 400

Business

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A forecaster is assessing two different models for demand. The output from each model and the actual demand data appear in the table. Use MAD and a tracking signal to compare the two models. Which model does a better job of forecasting?

Demand Model 1 Model 2 52 55.0 51.0 52 54.7 51.9 60 54.4 52.0 56 55.0 59.2 58 55.1 56.3 58 55.4 57.8 52 55.6 58.0 57 55.3 52.6 53 55.4 56.6 57 55.2 53.4 What will be an ideal response?

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