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Sales of quilt covers at Bud Banis’s department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): july 100 august 93 september 96 october 110 november 124 december 119 january 92 february 83 march 101 120 april 96 114 may 89 110 june 108 108 Compute MAD and MAPE for management’s technique. b) Do management’s results outperform (i.e., have smaller MAD and MAPE than) a naive forecast? c) Which forecast do you recommend, based on lower forecast error?
What source screening activities are available to a supply manager for critical procurements? Describe each one.
Formulating the linear programming model which can be employed to determine the production plan that will yield the maximum possible annual profit contribution for company.
Assume you are working for a company that sells music online. The marketing department would like to send e-mails to customers who have purchased music from the Web site. These e-mails would use information about the genres of music customers have p..
Dale Emerson served as the chief financial officer for Reliant Electric Company, a distributor of electricity serving portions of Montana and North Dakota
The firm has started marketing its new product at a price of $25.00 per unit; however, the average variable cost of the product is $30.00.
It has long been a dictum of management theory that leaders must adapt their behavior to fit the specifics of a situation. Discuss whether transformational leadership is appropriate for all occasions. In which situations might it not be effective and..
Find the basic solution that corresponds to s1 and s2 equal to zero. Find the basic solution that corresponds to x1 and s3 equal to zero.
MNCs from emerging markets (India, China, and Brazil) are beginning to challenge the dominance of developed country MNCs. What are some advantages that firms from emerging markets bring to their global business? How might MNCs from North America, Eur..
Explain the plans that reward group behavior, include pros and cons. Describe the implications of compensation policies and strategic mandates. Define Compensation and explain its relationship with competitive strategies.
The potential for profitability in industries is in flux, managers react in kind. which of the following do they usually not question when they react in kind?
Suppose that a year has gone by, output is now just 1% above potential, and the inflation rate 1.5% over the year. What Federal funds rate should the Fed now set (assuming that the inflation target does not change)?
What are some of the problems and draw backs of the moving average forecasting model?
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