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The following data represents number of customers arriving at Quick Lube for an oil change between 8 and 11 AM over the past 6 days. 12, 9, 11, 12, 10, 13. a. Using 3 day moving average, forecast day 7. b. Using exponential smoothing with alpha = .3, forecast day 7. c. Compute the MAD statistic for the moving average forecast (from part a). d. Compute MAD for the exponential smoothing forecast (from part b).
There are different scheduling techniques for different size projects but all benefit from a best-case, expected-case, and worst-case scenario. Compare and contrast these three scenarios.
Discuss the types of evidence that you would look for in order to determine whether a needs analysis has been improperly conducted. How would you know? Why?
Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function. Give specific examples. Respond substantively ..
One of the most important factors determining whether organizations and their members will be high performance is the presence of trust between leaders and followers.
For each way listed, give an example of how not implementing these precautions could negatively effect the office.
(Management control systems) Following are activities that are components of a management control system in a production department. For each item listed, dis- cuss whether it is a detector, assessor, effectors, or communications network: Comparing a..
assume that the chairman is correct and that pi= 0.70. find the expected value and the standard error of the sampling distribution.
What are some vulnerable areas in the company if they do not have a mission statement? Why?
Explain how you would conduct an internal strategic management audit and competitive strength assessment. As a business leader, explain how you would organize a strategic internal information scanning system. Why is it important to understand the 5 s..
Compare the approach of two quality thought leaders. What portions of their respective approaches are applicable in the 21st century? What portions of their respective approaches would need to be modified to be applicable in the 21st century?
In what ways would utilizing quality function deployment help in your own company? What would be the challenges to using it is a methodology? What are the key ‘moments of truth’ in the processes that you personally do, or oversee? How could the conce..
Explain the managerial significance of aggregate planning.
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