What is time series forecasting

Assignment Help Operation Management
Reference no: EM132280602

Case-Predicting NCAA Bowl Game

What is time series forecasting? How would it be of value to NCAA bowl prediction problem?

How successful were the prediction results? What else can they do to improve the accuracy?

How did the researchers formulate/design the prediction problem (i.e., what were the inputs and output, and what was the representation of a single sample—row of data)?

What are the foreseeable challenges in predicting sporting event outcomes (e.g., college bowl games)?

Table 2.6 of the case details a “confusion matrix”. What is a “confusion matrix”? How is the accuracy column calculated from the confusion matrix?

Explain one of the regression models (simple, multiple----linear, logistic). Explain why the results of the model you choose would or would not be of value to the NCAA bowl games problem.

At what stage of the “Process Flow for Developing Regression Models” (fig 2.14) would regression be used.

Reference no: EM132280602

Eliminate problems like firefighting

How does a systems view, help to decrease and eliminate problems like firefighting? (Constantly fixing problems in a business that never seem to go away is often referred to a

Managing process flows-considers the average flow rates

In managing process flows, one considers the average flow rates and the average flow times, as well as the variability in the flow times and flow rates. Discuss the importance

Uses weighted-average process costing to account

Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added a

Develop competitive priorities or key measurement metrics

You are the operations manager and you are running a high tech and fast paced operation and you have been asked to develop the competitive priorities or key measurement metric

What is the project completion date

Development of Version 2.0 of a particular accounting software product is being considered by Jose Noguera's technology firm in Baton Rouge. What is the project completion da

Three main areas that affect employee motivation

When it comes to knowledge, organizations must do all of the following except: A study of 4,000 employees found that the three main areas that affect employee motivation inclu

Technological advancements make collaboration

Today's technological advancements make collaboration and collaborative efforts more feasible. What sorts of decisions should be collaborated and which ones should have no col

Express the objective function and all the constraints

Sue’s sea shells sales slump with a small selection of shells so she must have an equal number of cone shaped shells and flat shaped shells, and each type of shell must number

Reviews

Write a Review

 
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