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A toy company buys large quantities of plastic pellets for use in the manufacture of its products. Production manager Josh Kang wants to develop a forecasting system for plastic pellet prices. The price per pound of plastic pellets has varied shown: Month Plastic Pellets Price/ Pound Month Plastic Pellets Price/ Pound 1 $ 0.39 9 0.35 2 0.41 10 0.38 3 0.45 11 0.39 4 0.44 12 0.43 5 0.40 13 0.37 6 0.41 14 0.38 7 0.38 15 0.36 8 0.36 16 0.39 A) Use exponential smoothing to forecast monthly plastic pellet prices. Compute what the forecasts would have been for all the months of historical data for α=0.1, α=0.3, and α=0.5 if assumed forecast for all α’s in the first month is $0.39. B) Which alpha value results in the last mean absolute deviation for Months 7-16? C) Use the best alpha value from part b to compute the forecasted plastic pellets price for month 17. Answer a, b, and c
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If Eye-Full makes a profit on $150 on each scope, $220 on each pair of binocs, and $300 on each microscope, how many of each should the company manufacture each day? What is its daily profit?
belk is a chain of stores found primarily in southern united states. each store carries several product lines and each
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The Digby's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Digby spends the same amount extra above the $1,000 recruiting base as..
Explain the differences between intended and realized strategy. Why is it so difficult to execute strategies just as they are originally planned? What can be done to minimize the gap between intended and realized strategies?
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