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Forecasting
Given these sales figures over the first 6 months of the year, your boss needs you to test two different forecasting methods (parts a and b below) to determine which method is best. For your measure of “best”, recommend to your boss that the company should use the method with the lowest mean absolute deviation (MAD). Then use that method to provide your forecast for July in part c.
Jan Feb Mar Apr May Jun
Units Sold 25 37 30 38 33 34
Calculate the MAD for the 3 period moving average forecasting technique.
Calculate the MAD for the 2 period weighted moving average forecasting technique. Use weights of 0.8 and 0.2, with the most recent observation weighted higher.
How many units would you forecast will be sold in July?
Research an ERP system or an ERP software application, and address the following: In your own words, define enterprise resource planning (ERP). Provide the name of the ERP system or the ERP software application you researched along with a web link to..
Give three examples of unethical conduct involving forecasting and the ethical principle each violates.
Labor unions appear to be stronger in the public sector workplace. Why do you think this is the case? Would privatizing union functions in the public sector (either in government or public schools, for example) increase efficiency or productivity? In..
AutoPartsWarehouse.com sells chrome rims for $1,330 (for a set of 4) and uses a markup of 80% on selling price. What will be the percent markup on cost? Report your answer as a percentage and round to the nearest percent.
how are horizontal integration and economies of scale related?how are special assets related to vertical
The Materials Planning Committee for Advanced Technology Corp., a global manufacturer of precision metal parts for medical analytical devices, is holding its weekly planning and control meeting on Monday at 8 A.M. in the quality control conference ro..
Find the starting solution using the NW corner method (Not required to find the Final solution).
One of the goals of market and environmental analysis is to deal with changes. What is the rate of change in the market you are evaluating? For example, the rate of change in technology is much faster than the rate of change in other industries.
A particular customer requirement is associated with a technical requirement, has an importance of 3, a target value of 5, and a sales point value of 2. The absolute weight of this customer requirement is ________.
What benefits can be gained from case studies? What dangers, if any, are there in using case studies? In what ways are they useful?
Question: Analyze the Case Study(shown below), and develop the conclusions, recommendations, and implications in a one to two page APA formatted paper. Use this opportunity to apply concepts from the textbook which is Chapter 5 at Greenberg,J.(2011)...
Sean Skippers is in charge of load planning for cargo ships for Chase Shipping Inc. (CSI). Sean is preparing a load plan for a CSI freighter destined for China.
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