What are the conditions that would have

Assignment Help Operation Management
Reference no: EM13913006

It has been said that forecasting using exponential smoothing is like driving a car by looking in the rear-view mirror. What are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using exponential smoothing?

Reference no: EM13913006

Questions Cloud

Give three examples of unethical conduct involving : Give three examples of unethical conduct involving forecasting and the ethical principle each violates.
Omar has heard from some of his customers : Omar has heard from some of his customers that they will probably cut back on order sizes in the next quarter. The company he works for has been reducing its sales force due to falling demand and he worries that he could be next if his sales begin..
Discuss how you would manage a poor forecast. : Discuss how you would manage a poor forecast.
When a new business is started : When a new business is started, or a patent idea needs funding, venture capitalists or investment bankers will want to see a business plan that includes forecast information related to a profit and loss statement. What type of forecasting information..
What are the conditions that would have : It has been said that forecasting using exponential smoothing is like driving a car by looking in the rearview mirror. What are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using exponen..
Explain the trade off between responsiveness and stability : Explain the trade off between responsiveness and stability in a forecasting system that uses time series data
What are some of the consequences of poor forecasts : What are some of the consequences of poor forecasts? Explain.
Choose the type of forecasting technique : Choose the type of forecasting technique (survey, Delphi, averaging, seasonal, naive, trend, or associative) that would be most appropriate for predicting
Suppose a software producer is about to release : Suppose a software producer is about to release a new version of its popular software. What information do you think it would take into account in forecasting initial sales?

Reviews

Write a Review

Operation Management Questions & Answers

  Meant by the term corporate social responsibility

What is meant by the term ‘corporate social responsibility’ as it applies to international logistics? Illustrate your answer by referring to the Probo Koala disaster and the issue of child labour in the Sialkot soccer ball industry

  How do you deal with resistance to getting others

The president of the organization asks you to work with the team. 1. How do you explain to them that employee involvement will improve decision making quality? 2. How do you deal with resistance to getting others involved in their territory?

  Explain which system results in lowest customer waiting line

If average service time is 10 minutes and the average number of arrivals per hour is 12 guests, explain which system results in the lowest customer waiting time.

  For a machine design capacity is 50 cords per day

for a machine design capacity is 50 cords per day effective capacity is 40 cords per day and actual output is

  What is their current capacity in passengers per day

Glacier Tours provides short tours from a visitor center up the mountain to a site on the glacier. They use a specialized, six-wheel-drive vehicle to move up the steep and icy trail to an area where visitors are allowed to take a walk, drink glacier ..

  Explain the reasons for the failures of the effectiveness

tqm tools are costly to implement and there are concerns on their effectiveness. have you come across a scenario from

  Jointly develop an object statement for the retreat project

Jointly develop an object statement for the retreat project. Assess your statement against the criteria offered in the chapter. In other words is the statement shared, short, simple, specific, measurable, and time constrained? How could any deficienc..

  Linking managerial compensation to firm performance

What are the difficulties in adopting contingent pay (linking managerial compensation to firm performance) plans?

  Explain the concept of core competencies

Explain the concept of core competencies. What are the core competencies of Peninsula College?

  Discuss employee to have started six sigma training

Jack Welch sent a memo to his senior managers telling them that they would have to require every employee to have started Six Sigma training to be promoted.

  Where have you seen the operational components of planning

where have you seen the operational components of planning sourcing making and delivering applied inappropriately?how

  Identifying current and future competitors

Competitive intelligence is an important approach to identifying current and future competitors and generally identifies how a firm should respond.

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