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A pharmacist has been monitoring sales of a certain over the counter pain reliever. Daily sales during the last 15 days werea. Which method would you suggest using to predict future sales a linear trend equation or trend-adjusted exponential smoothing? Why?b. If you learn that on some days the store ran out of the specific pain reliever, would that knowledge cause you any concern? Explain.c. Assume that the data refer to demand rather than sales. Using trend adjusted smoothing with an initial forecast of 50 for day 8, an initial trend estimate of 2, and α = β = .3, develop forecasts for days 9 through 16. What is the MSE for the eight forecasts for which there are actual data?
Explain, with an example, how eco-efficiency can be implemented on an individual and a business scale.
The decisions made based on the EMVs of different alternatives are considered rational. Are there limitations or risks of using the EMV approach? Please explain.
A cost which remains constant per unit at various levels of activity is a:
Facility location analysis considers the competitive imperative of a favorable business climate as indicated by the presence of other companies in the same industry.
A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January
Explain organizational level needs assessment and explain person analysis from a needs assessment perspective.
A desired output of 900 units per shift (7.5 hours) is desired for a new processing system. The system requires product to pass through four stations where the work content at each station is 30 seconds. What is the required cycle time for such a ..
Select one of the six steps for the blueprint for process analysis and describe how you would analyze a process. The process can be for school, work, home project etc.
Scandura (1999) employs LMX Theory in her exploration of the concept, “organizational justice.” What is meant by organizational justice? How and why is this an important part of the leader-follower relationship?
Develop a team building training program. You have $200,000 that is allocated for the training. Use the total amount allocated and not go over or under the amount.
what are chance and assignable causes of variability? what part do they play in the operation and interpretation of a shewhart control chart?
Summarize both the Stanford Prision and the Milgram experiment. Explain what one of these famous experiments tells us about human nature. Why is the experiment relevant to an ethics course?
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