Question: Work the previous problem when the demands are positively correlated, as they might be with products such as peanut butter and jelly. Now use r
Work the previous problem when the demands are positively correlated, as they might be with products such as peanut butter and jelly. Now use r = 0.3, r = 0.5, and r = 0.7 in your simulations.
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Model Ordering two products with correlated demands Inputs Unit price Unit cost Refund value Demand ... View full answer
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