What I Learned (WK7)

What I Learned (WK7) - Until this class I always thought of...

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WHAT I LEARNED 23 Jul- 2010 Causal Relationship I learned the meaning of causal relationship within demand management and forecasting in operations and supply management. Causal relationship is a situation in which one event causes another. If the event is far enough in the future, it can be used as a basis for forecasting. For example, we can expect that an extended period of heat (temperatures’ over 100 degrees) may increase sales of swimming pools, sunglasses, and sun lotion. The extra heat causes the sale of the swimming pools, etc.
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Unformatted text preview: Until this class, I always thought of casual relationship as two people who have a physical and emotional relationship that may have a sexual relationship. Some call it a fling, “where people who enjoy each other’s physical intimacy but do not aspire to be long-term”. References: Jacobs, R. F., Chase, R. B., & Aquilano, N. J. (2009). Operations & supply management (12th ed.). New York, NY: McGraw-Hill/Irwin, Pages 493-495 & 500. http://en.wikipedia.org/wiki/Casual_relationship...
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This note was uploaded on 08/25/2011 for the course MGMT 375 taught by Professor Martinbrennan during the Summer '10 term at Park.

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