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Pareto diagram illustration - PowerPoint PPT Presentation

Comments on Cost of Prediction Error (or Value of Perfect Information)

Comments on Cost of Prediction Error (or Value of Perfect Information). Cost of a Prediction Error (Horngren). Three steps in determining the cost of a prediction error --EOQ example: Compute the monetary outcome from the optimal choice, given the actual cost, demand, etc., parameters .

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Pareto diagram illustration - PowerPoint PPT Presentation

Comments on Cost of Prediction Error (or Value of Perfect Information)