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Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows:a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? Explain.b. Compute the MSE for each set of forecasts. Given your results, which forecast appears to be more accurate?c. In practice, either MAD or MSE would be employed to compute forecast errors. What factors might lead a manager to choose one rather than the other?d. Compute MAPE for each data set. Which forecast appears to be more accurate?
Contrast the reactive and proactive approaches to forecasting. Give several examples of types of organizations or situations in which each type is used.
why is strategic planning important to the organization? how does strategic planning help the organization? what kind
An outline of how you have formulated your response to Richard Hackman's statement. Your outline should provide a reasonable framework for the report and show where you are going to use each of the pieces of information you found through your researc..
How can Boreki use this information? Boreki reviews the classification and then places item A2 into the A category. Why might he do so?
If the project is to be finished in 16 weeks, which activity or activities should be crashed to do this at the least additional cost? What is the total cost of this?
One of your main goals will be to motivate and communicate a vision while connecting to the firm's mission for all stakeholders, including your Board of Directors. A brief profile of the organization is as follows:
Determine an organization you will analyze and evaluate over the six weeks of this course. The organization can be one in which you work, one in which you have access, or one of such substance that significant internet material is available for your ..
Describe a possible mission for operations also some associated strategies which fit subsequent business situations. Ambulance service. Production of standard automobile batteries.
Problems and decision making occur in the business environment on a daily basis. Think about the street vendor in New York City on up to the CEO of a Fortune 500 company. Each faces many problems and each has clients that he or she has to work and in..
a what are some kpis that can affect alliances with certain vendors? which kpis are most important? why?b what are some
Where would you recruit the candidate (internally) to work as Claims Processing Manager to overseas? If externally, how would you recruit?
Discuss what actions and characteristics made this person an "icon." What did the person do to make his followers successful? And what business management related lessons can be learned from this leader.
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