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Hospitality Hotels forecasts monthly labor needs. (a) Given the following monthly labor figures, make a forecast for June using a three-period moving average and a five-period moving average. (Round answers to 2 decimal places, e.g. 15.25.) Month Actual Values January 34 February 42 March 39 April 43 May 45 3-Period Moving Average 5-Period Moving Average (b) What would be the forecast for June using the naïve method? (Round answers to 2 decimal places, e.g. 15.25.) Forecast for June (c) If the actual labor figure for June turns out to be 47, what would be the forecast for July using each of these models? (Round answers to 2 decimal places, e.g. 15.25.) 3-Period Moving Average 5-Period Moving Average Naïve method (d) Compare the accuracy of these models using the mean absolute deviation (MAD). (Round answers to 2 decimal places, e.g. 15.25.) MAD (3-period) MAD (5-period) MAD (naïve) (e) Compare the accuracy of these models using the mean squared error (MSE). (Round answers to 2 decimal places, e.g. 15.25.) MSE (3-period) MSE (5-period) MSE (naïve)
HRM 301 - Recruitment and Selection - Suppose you are a senior manager in a global management consulting company. Which select measure do you think is the best and would you adopt? Justify your answer.
Explanation and discussion about the new direction of the organization.Demonstrate how HR can be a strategic partner in management and strategic organizational goals.Incorporate corporate culture considerations.Design a mission statement and vision s..
In an effort to inform the staff about managed care, CEO Beranger asks you to construct a PowerPoint presentation that introduces 2-3 ethical concerns, issues, or challenges of managed care. You also are asked to provide an overview of how managed..
Write short notes on the following topic a) Mission Statement b) SWOT Analysis c) Competitive Profile Matrix d) Strategic Plan e) Boston Consulting Group Matrix
Prepare a targeted plan in which you present your detailed strategies to recruit and select 20 Engineers to hire within 8 months.
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Discuss the role and effects of span of control, and relate it to organic and mechanistic organizational structures (McShane & Von Glinow, 2013). Share a personal or professional experience representative of one of these.
Explain the purpose of human resource management policies in your organisation - Analyse the impact of regulatory requirements on human resource policies in your organisation
What changes have taken place since this article was published? Identify and discuss any trends that should concern employers or unions
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