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Q. A company wants to forecast demand using the weighted moving average with the weights of 0.4, 0.3 and 0.3 (most recent period, next recent period, etc). If the company has 5 prior yearly sales values (i.e., year 2008 = 160, year 2009 = 150, year 2010 = 160, year 2011 = 140 and year 2012 = 170), which of the following is the weighted moving average forecast for year 2013?
Suppose which Always Rain Irrigation's marketing department will undertake an intense ad campaign for the bronze sprinklers which are more expensive however also more durable than the plastic ones. Forecast demand for the next four years.
Southern Markets, Inc., is considering the use of ABC analysis to focus on the most critical SKUs in its inventory. Presently, there are approximately 20,000 different SKUs with a total dollar usage of $10,000,000 per year.
The subject of organization behaviour is sometimes being criticized as being only common sense, when we would rarely hear such a criticism on subject such as statistics. Do you think this criticism of organization behaviour is fair.
The cost to place also process an order from the supplier is $75. The Corporation operates 300 days per year also the lead time to receive an order from the supplier is 2 working days. Find out the economic order quantity.
Multiple regression analysis based on the assumptions of linearity and normality.
Discuss any similar or opposing perspectives you have, with at least 2 of your peers. Take care to be professional and polite even if your beliefs or viewpoints differ.
Elucidate what is the probability which a random number from the triangular distribution is less than 400. Elucidate what is this probability for the normal distribution.
Illustrates what are the components of procedural rationality and explain the general findings from research and best practices.
RVW (Restored Volkswagens) buys 15 used VW's at each of two car auctions each week held at different locations. Formulate this problem as a transshipment linear programming model. Solve the problem using the computer. Provide a Excel file.
Suppose which May's figure turns out to be 405. Append the table with error columns then, computes MAD for both Amit's also Barbara's method. (16.11 also 19.17) d) Based on these calculations which method seems more accurate.
Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph..
Mathematical Programming and Optimisation: Build and describe a prototype model Use your model to recommend a schedule of burning and, if required buying fuels
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