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Q. In 2009, the board of regents responsible for all public higher education funding in a large Midwestern state hired a consultant to develop a series of enrolment forecasting models, one for each college. These models used historical data also exponential smoothing to forecast the subsequent year's enrolments. Depended on the model, which comprised a smoothing constant (α) for each school, each college budget was set by the board. The head of the board personally selected each smoothing constant depended on illustrate what she called the "gut reactions also political acumen"
a. Illustrate what do you think the advantages also disadvantages of this system are? Answer from the perspective of
i. The board of regents also
ii. The president of each college.
b. Explain how can this model be abused also illustrate what can do done to remove any biases?
c. Explain how can a regression model be used to product to produce results which favour over another?
Explain why you believe this barrier is challenging for organizations as well as elucidate what you would do to overcome it, if you were faced with change in your organization.
Sales (X, in millions of dollars) are related to Profits (Y, in hundreds of thousands of dollars) by regression equation Y = 8.21 + 0.76 X. Illustrate what is your forecast of profit for a store with sales of $40 million and $50 million.
The lights are on 19 hrs a day, 365 days a yr. If the firm's MARR is 15percent, illustrate what is the maximum price per bulb the engineer should be willing to pay to switch to the new bulb.
Illustrate what order size would minimize total inventory costs. Illustrate what are total costs of inventory. Office manager is presently using an order size of 200 packages.
illustrate what will decide whether it can in the remaining years of this decade sustain a strong growth performance similar to 1997 to 1999 without triggering a noticeable acceleration of inflation.
A capacity alternative has an initial cost of $50,000 also cash flow of $20,000 for each of next four years. If cost of capital is 5 percent, net present value of this investment is approximately.
Why are so many companies using 360 degree feedback systems? Illustrate what are benefits also disadvantages of this. Why should managers provide ongoing also frequent feedback to employees about their performance.
Develop an inventory management model for HP in Europe. Assume that the Vancouver plant is still producing the 6 models already in Europe. Explain your rationale for such model.
Profits are 40 cents for a box of Deluxe crackers also 50 cents for a box of Classic crackers. Elucidate what is daily profit when producing optimal amounts.
Which of the subsequent is one of the primary tasks faced by managers who need to improve organizational communication.
Several types of controls on a switchboard you plan to design. Elucidate why you chose each control also create a storyboard that shows the switchboard layout.
Why might an organization which plans to implement multicultural teams want to provide encouragement also support diverse employee network groups.
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