The forecasting techniques are more trouble

Assignment Help Operation Management
Reference no: EM131283526

The manager of a local firm says “the forecasting techniques are more trouble than they are worth. I don`t forecast at all, and I`m doing 25% more business than last year”. Comment.

Reference no: EM131283526

Questions Cloud

Provide an example of a research project : Marketing researchers do not always go through the steps in the marketing research process in sequential order.-  Provide an example of a research project that might not follow this sequence.
Would it be most likely to use primary or secondary data : A new men's clothing store is trying to determine if there is a significant market for its type of merchandise in a specific location where it is considering putting a store.
Discuss the three levels of organizational culture : The colonies of New England, the Mid –Atlantic and the Upper and Lower South developed their own forms of culture, conduct and commerce. Given the choice, where would you have preferred to live? Discuss the three levels of organizational culture: art..
Write a page about the business research methods : Write a page about the Business Research Methods.
The forecasting techniques are more trouble : The manager of a local firm says “the forecasting techniques are more trouble than they are worth. I don`t forecast at all, and I`m doing 25% more business than last year”. Comment.
A high tech firm has just developed a new technology : The company needs to estimate the demand for such a service. Would it use primary or secondary data, or a combination of the two?
The jackets are being produced in the dominican republic : The Limited is planning a new line of jackets for fall. It plans to sell the jackets for $100. The jackets are being produced in the Dominican Republic. Even though The Limited doesn't own the factory, it's product development and design costs are $4..
What type of research method would you recommend : A bank manager notices that by the time customers get to the teller, they seem irritated and impatient.- What type of research method would you recommend? Is it an exploratory or conclusive method?
Make a pie chart for your business income and spending : Create a label called "Income" and add your monthly business income in the next cell: $25,000. Create a pie chart for your business income and spending.

Reviews

Write a Review

Operation Management Questions & Answers

  Redeem for additional merchandise

Hibbett Sports offers a reward card that gives customers coupons and incentives for store purchases that they can redeem for additional merchandise. This is an example of____

  Find an opinion piece that displays justice-based thinking

Find an opinion piece that displays justice-based thinking. Answer the following: Describe the ways that the author appeals to the fairness of the process—assuring notice and voice for those affected. In what ways did the author assure the voices of ..

  What are two common law theories

What are two common law theories under which individuals who have been harmed by polluters can obtain damages and injunctions?

  Organize quality concerns using a cause-and-effect diagram

Identify potential quality concerns in the traditional areas of machinery, employees, measurements, and materials. Organize these quality concerns using a cause-and-effect diagram

  Capacity of a bottleneck operation by adding new machine

A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and revenues have been estimated. Annual fixed costs would be $14,000 for A and..

  A center for preventive health services.

In January 2012, Joan Taylor, the administrator of the Life-Time Insurance Company HMO in Buffalo, New York, was pleased with the Austin, Texas, location that was selected for a new ambulatory health center. (The process used to select this site is d..

  Show which call center access time is in statistical control

Suppose which standard deviation of process distribution is 5.77. If specifications for access time are 500 ± 18 sec., is process capable? Why or why not? Assume three-sigma quality.

  Plot cumulative demand and a level aggregate production plan

The Sohn Aerospace Division of Sohnco has a forecast for the first three months of next year is. Plot cumulative demand and a level aggregate production plan with no back orders and no ending inventory. What production is needed each month to meet pa..

  Marketing environment taking into consideration organization

What are marketing functions? Who performs them? Explain with examples. Identify and describe the main components of a company's Marketing Environment taking into consideration any organization / your own organization.

  What do you mean by microblogging

What do you mean by microblogging and discuss how microblogging can help businesses to achieve marketing objectives. Describe the purpose and typical structure of a discussion board and being a marketing manager how you will use discussion boards, so..

  Select a type of scheduling discussed

Select a type of scheduling discussed in Chapter 15 and present an example. Discuss how the performance of an organization may be affected if this type of scheduling is done well or not done well.

  Organizational culture is the shared set of beliefs

Organizational Culture is “the shared set of beliefs, expectations, values, norms, and work routines that influence how individuals, groups, and teams interact with one another and cooperate to achieve organizational goals”

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd