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A company has used three different methods to forecast sales for the past five months. Use MAD and MSE to evaluate the performance of the three methods. (a) Which forecasting method performed best? Period Actual Method A Method B Method C 1 10 10 9 8 2 8 11 10 11 3 12 12 8 10 4 11 13 12 11 5 12 14 11 12 MAD MSE Method A Method B Method C (b) Which of these is actually the naive method? (Round your answers to 1 decimal place, no tolerance)
Question: Besides giving employees feedback, what other steps a manager can take to improve employees' performance?
Here's the given information: Since the computer had done most of his calculations in the past, Justin decided to check to see if the computer was the source of the problem. With this information, Justin calculated the total standard time required to..
This chapter's "Develop Your Skills" (page 225 of your textbook) feature gave you some tips on assessing job candidates. Based on what you read in this chapter, what are five additional tips that you would add to the list?
Under Title VII it is always illegal to discriminate against an employee based on his or her status as an alien or because the employee is not a U.S. citizen. White managers using the term "boy" in reference to black employees is not enough evidence ..
The justification should include key terms, techniques, and possibly equations necessary to show satisfactory understanding of the topic being tested. For some questions, “satisfactory understanding” can be in the form of one complete sentence, where..
What is the organization’s ethical and corporate social responsibility on the following: Reliability= The probability that a product will function as the consumer is led to expect that it will function. Product Safety= The degree of risk associated w..
Adding resources is one way to crash a schedule. Does adding resources to the problem always work? If not, what are some other ideas for crashing a schedule? Provide an example if you have one.
It has been noted that there is a global war for talent and the world faces a global talent shortage due to lack of experience, skill or knowledge. To ensure companies spend their money wisely and obtain the most qualified pool of applicants how shou..
Daily demand for a product is 110 units with a standard deviation of 10 units. The review period is 12 days, and lead time is 3 days. At the time of review there are 115 units in stock. If 95 percent service probability is desired, how many units sho..
Process A has fixed costs of $2000 and variable costs of $40 per unit. Process B has fixed costs of $5000 and variable costs of $30 per unit. Which of the following statements is true?
Toyota Georgetown (a.k.a. Toyota Motor Manufacturing, Kentucky or simply TMMK) has two mixedmodel production lines each producing over two eight-hour shifts per day (with 480 minutes of working time per shift per production line), for five days per w..
What is Six Sigma and how did it start. Identify two companies that have used Six Sigma and report on their results. What other process improvement method can be used instead of Six Sigma, how do they differ?
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