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Using smoothing constants of .6 and .9, develop forecasts for the sales of VW Beetles. What effect did the smoothing constant have on the forecast? Use MAD to determine which of the three smoothing constants (.3, .6, or .9) gives the most accurate forecast.
Problem - The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks:
WEEK OF
PINTS USED
August 31
360
September 7
389
September 14
410
September 21
381
September 28
368
October 5
374
a) Forecast the demand for the week of October 12 using a 3-week moving average.
b) Use a 3-week weighted moving average, with weights of .1, .3, and .6, using .6 for the most recent week. Forecast demand for the week of October 12.
c) Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a = .2.
Rocco wants to prepare the sales forecast for the next 24 months today. His company produces heavy-duty on/off timers used by large Christmas light displays and above ground swimming pool filters.
If you, as a manager, had to help change an employee’s behavior to make him or her more productive, what course of action would you take? How might you use both positive and negative reinforcement?
You have 30 steel balls. All weigh the same except one which is lighter (Red X). You have a weighing scale and 2 pans (no measurements). Identify the Red X ball in the least number of tries on the weighing scale.
Stan Garner resides in illinois and promotes boxing matches for Supersports, INC. an Illinois corporation. Garner created the conect of "ages" promotion- a three fight series of boxing matches pitting an older fighter (george foreman) against a young..
A cafeteria wants to introduce a new burger, with bread and beef together weighing at least 1 ounce. The cafeteria manage also wants the new burger to meet a new nutrition standard.
According to the text, which of the following is not an advantage of developing formalized fundraising plans?
How would you evaluate Astor in term of his motive, his managerial ability, and his ethics? What lesson does his career teach about the relationship between virtue and success?
What are the six challenges facing managers in the workplace today. Each student is expected to discuss one of the major challenges, highlighting its importance in the 21st century workplace and how it affects the behavior of people within organiz..
Assignment on Process Design Matrix and Summary. Examine some of the differences between service and manufacturing by compare selected Process Design Aspects of a service and a product.
describe at least four sustainability strategies. review the virtual organization riordan manufacturing which can be
Describe movie theatres Competitive Strategy. How do you stay competitive? What can/do you do to be better than the competition? What should/can you change to improve your competitive position?
You have just opened a restaurant with your best friend who is a food master. Obviously your job is to manage the business. He wants to advertise on television but you disagree. Why? Instead, you offer two other media suggestions for advertising. Wha..
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