Explain two different forecasting techniques

Assignment Help Operation Management

Reference no: EM1393514

Among the available sources of capital, decide and explain which are the most and least attractive for your business idea for this course. Discuss which one you think you will actually seek and why

An analyst must decide between two different forecastingtechniques for weekly sales of roller blades: a linear trendequation and the naive approach. the linear trend equation isFt = 147 + 1.8t, and it was developed using data fromperiods 1 through 10. Based on data for periods 11 through 20as shown in the table, which of these two methods has the greater accuracy?

11 147
12 149
13 151
14 142
15 154
16 151
17 154
18 155
19 161
20 163

a local hospital declares that it is committed to provide care to patients arriving at the emergency unit in less than 15 minutes and that it will never turn away patients who need to be hospitalized for further medical care. what implications does this commitment have for strategic operations management decisions (i.e., decisions relating to capacity and workforce)?

Reference no: EM1393514

Questions Cloud

Determine the monthly break-even volume : The Evergreen Fertilizer Company produces fertilizer. The company's fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.15.

Oridinal-scale measure-independent-dependent variables : A researcher studies the average distance that 130 people who are living in U.S. urban areas walk each week: What is the size of the sample? Identify the population.

Calculate molecular weight of edta disodium salt : Assume that you are working in a research lab and your professor asks you to make a solution of 50X TAE. She asks you to make 1 liter, having 57.1 ml of glacial acetic acid.

Randomly selected value from distribution : what is the probability that a randomly selected value from the distribution will be greater than 2.1 standard deviations avoe the mean?

Explain two different forecasting techniques : An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trendequation and the naive approach.

Distinction between descriptive and inferential statistics : Critically discuss the main differences between descriptive and inferential statistics? Provide an example of either type of statistics either from a recent study you heard about or a made up study you'd be interested in learning about.

Stating decision rule for significance level : State the decision rule for .05 significance level. (Round your answer to 3 decimal places.)

Some examples of descriptive statistics : Critically discuss some examples of descriptive statistics? Why are they used in research? What is a confidence interval?

Wilcoxon rank-sum test : Suppose there are two samples of size 6 and 7, with a rank sum of 58 in the sample of size 6. Using the Wilcoxon rank-sum test, evaluate the significance of the results, assuming there are no ties.

User Account

All Pages