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For your data set above, complete the following:
1. Graph the data
2. What are your observations of the graphical data? Do you visually see any patterns or trends?
3. Complete a NAIVE Forecast for periods 2 - 11
3. Complete a three period MOVING AVERAGE Forecast for periods 4 through 11
4. Complete a WEIGHTED MOVING AVERAGE Forecast for periods 4 - 11 using the weights assigned to your data set
5. Complete an EXPONENTIALLY SMOOTHED forecast using your smaller alpha value for periods 1 through 11For Period 1- use the Period 1 actual value as your forecast valueS. Complete an EXPONENTIALLY SMOOTHED forecast using your larger alpha value for periods 1 through 11For Period 1- use the Period 1 actual value as your forecast value
6. For each of the five forecasts that you created, calculate the MAD for each
7. Based on the MAD values, which method appears to be more accurate?
Unlimited amounts of alloys and scrap steel can be purchased. Scrap steel cost $100 per ton and contains 3% carbon and 9% molybdenum. The cost per ton and chemical make up of the alloys is:
What is the difference between the ability of a manager to retrieve information instantly on demand using an MIS (Management Information System)?
Write a presentation about GM (Genaral Motors)
what decision criteria should managers use in selecting projects when there is not enough capital to invest in all
Calculate utilization also efficiency of Southwest operation. If efficiency for next month is expected to be 82%, illustrate what is expected output.
Explain how were Pine Valley Furniture's projects initiated. Illustrate what is the focus for each of the new systems.
D. implement firewalls 10. The Internet was made the recruitment of members easier than prior to the dawn of the information age.
Ordering larger quantity would increase safety stock. Ordering more frequently would reduce safety stock and increase the chance of stock outs.
Happy Pet is now considering a new supplier of Everlast Leaders. Each lead would cost only $6.65; but in order to get this discount, Happy Pet would have to buy shipments of 3,000 at a time. Should Happy Pet use the new supplier and take this disc..
A fast-food restaurant buys hamburger buns from a national bakery supplier. The daily usage of buns at the restaurant is normally distributed with an average of 160 and standard deviation
This reduction in demand will push equilibrium price back down to its original level. Since equilibrium price will remain unchanged, smokers will consume same number of cigarettes." Do you agree or disagree with this view. Explain.
The American car battery industry boasts that its recycling rate now exceeds 95%, the highest rate for any commodity. However, with changes brought about by specialization and globalization, parts of the recycling system are moving offshore. T..
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