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A company uses simple exponential smoothing with α = 0.1 to forecast demand for boxes of rubber gloves. The forecast for this week was 237 boxes and the actual demand was 205.
a) What is your forecast for the next week?
b) What is your forecast for three weeks from now?
c) If the cumulative sum of the forecast errors before this week was 23 and the estimate of the mean absolute deviation was 10.6, do you feel that forecasting system is doing a good job? Explain.
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Negotiation that sets to divide up a fixed amount of resources; a win-lose situation is called?
Explain how structure and culture interface to make the organization work toward the accomplishment of the vision and mission. Identify the existing culture for Purvis' company and identify the desired future culture.
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Examine the importance of workplace diversity in your organization, and how it positively and negatively impacts team dynamics in your workplace.
What are the major differences between managing negative risks versus positive risks (opportunities)?
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