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Harlen Industries has a simple forecasting model: Take the actual demand for the same month last year and divide that by the number of fractional weeks in that month. This gives the average weekly demand for that month. This weekly average is used as the weekly forecast for the same month this year. This technique was used to forecast eight weeks for this year, which are shown below along with the actual demand that occurred. The following eight weeks show the forecast (based on last year) and the demand that actually occurred: WEEK FORECAST DEMAND ACTUAL DEMAND 1 130 127 2 130 123 3 135 152 4 133 162 5 133 182 6 143 172 7 140 185 8 142 205 a. Compute the MAD of forecast errors. (Round your answers to 2 decimal places.) Week MAD 1 3.0 2 7.0 3 4 5 6 7 8 b. Using the RSFE, compute the tracking signal. (Round your answers to 2 decimal places. Negative values should be indicated by a minus sign.)
Explain the concept of value of perfect information in decision analysis. Give a real world example where the value of perfect information will be useful to a decision maker.
How would you explain this outcome when intuitively you would think that a negotiator who is more focused on power would be more successful?
Strict Liability Senco Products, Inc. (Senco), manufactures and markets a variety of pneumatic nail guns, including the SN325 nail gun, which discharges 3.25-inch nails. Lakin and his wife sued Senco for strict liability based on design defect. Is Se..
What do you anticipate will be the greatest challenge of operationalizing strategy across various business functions? Do you think the challenges change depending on the circumstances? Provide an example within your field.
When we take a look at Expectancy Theory, what is the premise associated with motivation associated with the relationship between individual effort and performance?
Which one of the five generic competitive strategies discussed in Chapter 5 most closely approximates the competitive approach that Under Armour is employing?
What is "slack" and why is it important. Why is activity-on-arrow (AOA) or activity-on-node (AON) of significant value to the project manager
Bob's annual fixed costs for space, equipment, and supplies is $61,000. Which is the preferred process for Bob and why?
Management report submitted to property owners is essential to highlight the importance of professional property management. A periodic management report keeps owners informed of developments in their property investments. What essential information ..
A chemical firm produces sodium bisulphate in Demand for this product is 25 tons per day. The capacity for producing the product is 75 tons per day. Setup costs $1000, and storage and handling costs are $10 per ton a year. The firm operates 250 days ..
Do you think that the federal government needed to establish regulations and enforce laws regarding privacy, security, and confidentiality of PHI? What about policies and regulations intended to stimulate adoption of HIS, including WHRs? Why or why n..
What elements outside have an interest in the negotiations, or can affect our the negotiations in a positive or negative ways for either of us. Who can affect the rules?
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