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Sales of Hot-Blast heaters have grown steadily during the past five years, as shown in the following table:YEARSALES14802525354845935614Using exponential smoothing constants of 0.35 and 0.65, develop forecasts for years 2 through 6. The sales manager had predicted, before the business started, that year 1's sales would be 440 air conditioners. Based on error (MAD, MSE or MAPE: any one of these is fine), which smoothing constant gives the most accurate forecast?Use a three-year moving average forecasting model to forecast sales of heaters.Which of the methods analyzed here would you use? Explain your answer.
You are probably so used to seeing Starbucks coffee shops everywhere that you might not realize the company went from just 11 stores in 1987 to 2,600 in the year 2000.
Demand for the popular water toy Sudsy Soaker has far exceeded expectations. In order to increase the availability of different models of the toy, the manufacturer has decided
Baker Mfg. Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested inventory.
Based on the table, perform resource limited scheduling. Assume that each task can perform independently from the other tasks. Assume that only 2 workers are availible at any
The Solomon, Smith, and Samson law firm produces many legal documents that must be word processed for clients and the firm. Requests average eight pages of documents per hour,
What are some management characteristics that help a company maintain competitive advantage through Information Technology and how an organization has or can improve its IT Sy
Both big and small U.S. and European companies rely upon foreign companies for everything from software development to financial analysis. Discuss the legal, moral and ethical
The Wallace Stationery Company purchases paper from the Seaboard Paper Company. Wallace produces stationery that require 1,415,000 sq. yards of stationery per year.
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