Strategic importance of forecasting

Assignment Help Basic Statistics
Reference no: EM13926475

Discuss the strategic importance of forecasting. What strategic decisions do organizations need to make in terms of forecasting? What are some examples?

Reference no: EM13926475

Questions Cloud

Discovery of my generation : James wrote, "The greatest discovery of my generation is that a human being can alter his life by altering his attitudes." Explain why you agree or disagree and give an example from your own experience.
Case study of kudlick company : Presented below is selected information from the Kudlick Company's current period accounting records (in $000s):
Probability value for my null hypothesis : I hypothesized that girls in my class have the same blood pressure levels as boys. The probability value for my null hypothesis was 0.15. So I conclude that the blood pressures of the girls were higher than boys'. Which kind of mistake did I make?
Rally round the trade name : The fact that Gabby's surname is Rally, doesn't give her the right to use the name any way she wishes, especially in commerce. There are no laws that state that a person has any right to a trade name purely based on the fact that it's the person's..
Strategic importance of forecasting : Discuss the strategic importance of forecasting. What strategic decisions do organizations need to make in terms of forecasting? What are some examples?
Families be responsible for related older adults : This commentary is in response to the editorial in your newspaper regarding the Crimes and Harms Committed Against the Elderly, and the lack of protection for many of them. For one thing, when should families be responsible for related older adul..
Deep recession in europe : Explain what happens to output in the short run in each of the following circumstances:  a) There is deep recession in Europe. b) Housing values rise above their trend. c) Mortgage lenders raise interest rates.
Doubly infinite sequence of random variables : Let {Yt} be a doubly infinite sequence of random variables that is stationary with autocovariance function γY . Let Xt = (a + bt)st + Yt, where a and b are real numbers and st is a deterministic seasonal function with period d
Document serves to protect the right of self-determination : Legal document in which a person expresses in advance his or her wishes concerning the use of artificial life support or other medical treatments To be referred to should the person be unable to communicate such wishes at the end of life A living ..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability of getting a perfect score

What is the probability of getting a perfect score if you were forced to guess at each question?

  Non-parametric test over the parametric alternative

What are the most common reasons you would select a non-parametric test over the parametric alternative?

  If the joint distribution is a bivariate normal with p04

suppose that the mean g.p.a. of a group of high school students is 3.0 with a standard deviation of 0.3. their math sat

  It is estimated that the arrival rate to the drink stand

it is estimated that the arrival rate to the drink stand during a typical peak hour on a peak day will be 100 customers

  What facts is important to know to expose misleading claim

Assuming this is literally true, how can it be explained? What facts and/or statistics would you need to know to expose this misleading claim?

  Find the probability of symptom

A study determined that 5% of persons age 65 to 4 have a certain symptom. A group of 17 persons age 65 to 74 are selected at random. Find the probability that at most 1 person has the symptom.

  Popcorn kernels take between 100 and 200 seconds to pop

Popcorn kernels take between 100 and 200 seconds to pop. What sample size (number of kernels) would be needed to estimate the true mean seconds to pop with and error of 5 seconds and 95% confidence level?

  Make a histogram based on the frequency table

Q1. A prison psychologist recorded the number of rule infractions for 15 prison inmates over a six-month period to be 5, 4, 2, 4, 3, 5, 2, 0, 4, 4, 5, 5, 3, 4, and 3. a. Make a frequency table. b. Make a histogram based on the frequency table.

  Measuring the intensity of a headache inpatients

The effectiveness of a headache medicine is tested by measuring the intensity of a headache inpatients before and after drug treatment. The data consist of before and after intensities for eachpatient.Explain

  Sample is likely representative of the population

Based on data from Neilsen Media Research survey 44% of 5108 randomly selected households had their televisions sets tuned to the Superbowl on game day. Identify the sample, the population, and explain if the sample is likely to be representative ..

  How many 3-digit numbers have distinct non-zero digits

how many 3-digit numbers have distinct non-zero digits? generalize your answer for a k-digit number where k lt

  Calculate the correlation between age and weigh

Established that the relation between age, and weight is somewhat linear. He calculated that the correlation between age and weight is 0.514. Describe the association.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd