Search for ultra-sophisticated statistical forecasting model

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Reference no: EM132203562

1. What implications do forecast errors have for the search for ultra-sophisticated statistical forecasting models?

2. Think again about the four [4] costs of quality. Describe how each would change if we hired more inspectors without changing any other aspects of quality.

3. The ABC fast-food restaurant on campus sells an average of 3,000 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 290 pounds of hamburger in stock. Assume that the hamburger costs $1.50 a pound. What is the inventory turnover for the hamburger patties? On average, how many days of supply are on hand?

Reference no: EM132203562

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