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Forecasting Methods
Calculate and answer parts a through d. Include all calculations and spreadsheets in your post. Explain why the moving average method was used instead of another forecasting method. What might be another forecasting method that could prove to be just as useful?
The figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year period.
Year Mergers Year Mergers
2000 46 2006 83
2001 46 2007 123
2002 62 2008 97
2003 45 2009 186
2004 64 2010 225
2005 61 2011 240
a. Calculate a 5-year moving average to forecast the number of mergers for 2012.
b. Use the moving average technique to determine the forecast for 2005 to 2011. Calculate measurement error using MSE and MAD.
c. Calculate a 5-year weighted moving average to forecast the number of mergers for 2012. Use weights of 0.10, 0.15, 0.20, 0.25, and 0.30, with the most recent year weighted being the largest.
d. Use regression analysis to forecast the number of mergers in 2012.
your employer has been going through many challenges this past eighteen months due to the recent financial crises.
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Defining the roles and responsibilities. Selecting the right organization structure, Putting the right skills and talent in place; compare your current or past employer's present, past, and potential future organizational structures: Which figure is ..
Based on the learning curve from (1), calculate the total time requires to produce the first 400 units, and the average time of the first 200 units.
A computer technician arrives at work at 8AM and finds a department manager delivering three malfunctioning laptop computers. The computer technician begins to repair the problems as soon as possible. What is the total process velocity?
How many cases should be ordered at a time and what factors might cause the company to order larger or smaller amounts than the EOQ?
Organizational culture is an externally imposed system of constraints on the behavior of suppliers in an organization.
Which of the following is not a criterion for choice in decision making under uncertainty? a. Equal probabilities (Laplace). b. Pessimistic. c. Coefficient of optimism (Hurwicz). d. Optimistic. e. Maximax regret.
the neiman-marcus cookie recipe may be halved5 cups blended oatmeal2 cups brown sugar2 cups sugar2 cups butter2 tsp.
Describe the main components of the hiring/succession plan (manager's role) addressing: -- Candidates evaluation -- Training -- Key positions -- Access to records -- Interest assessment Describe the main components of the recruitment plan (HR role) i..
Imagine you volunteer for church where they distribute free food for homeless people. Identify a central problem you may notice during the volunteering Please identify 8 elements or factors that contribute to this problem. Write a short paragraph on ..
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