Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Forecasting:
Forecasts play a vital role in determining material needs that constitute inventories and in establishing production plans. In this unit, you have studied the importance of demand forecasting in business. Forecasting provides a basis for coordination of plans for activities in several parts of a particular company. It provides very important information to the company. Therefore, proper care should be exercised while estimating forecast value. Developing a forecasting system is not simple. It should be done because forecasting is fundamental to any planning effort.
Forecasting is the basis of corporate long run planning. In the functional areas of finance and accounting, forecasts provide the basis for budgetary planning and cost control. Production and operations personnel use forecasts to make periodic decisions involving process selection, capacity planning, facility layout, etc.
Marketing based on sales forecasting to plan new products and makes key decisions. Forecast error is the difference between the forecast value and what actually occurred. Error can come from a variety of sources. One common source that several forecasters are unaware of its projecting past trends into the future. Errors can be biass error or random errors. Standard error, mean squared error and mean absolute deviation (MAD) are the terms utilized to describe the degree of error. Several commercial forecasting programs are now available. Most are available for micro computers and use shared network databases. You may use a spreadsheet such as Microsoft Excel to create a forecasting program on a PC. Depending on one's knowledge of the spreadsheet, a simple program can be written down.
How can i change the normal function block parameter[1 1]=>(s+1) to (s-1)?
Evaluate stress in fibre: Example, the matrix material can be stressed to its full strength of 80 MPa, calculate the allowable % of broken fibres. What will be the stress in f
Braking System: A brake is a component of a motorcycle which is used to apply frictional resistance to a moving vehicle to stop or retard it by absorbing its kinetic energy. The f
What is tracing error? Define how to track tracing error?
write an algorithm to calculate simple intrest
Steam power plant: Steam power plant converts heat energy Q from combustion of fuel into mechanical work W of shaft rotation which is used to generate electricity. This ty
Resistance Spot Welding In this process, a spot of weld is made between overlapping sheets by means of two cylindrical copper alloy electrodes, one on top and the other at the
Discover the maximum torque: Discover the maximum torque that may be transmitted by the shaft of 400 mm diameter, if the shear stress is not to exceed 50 N/mm 2 . Solution
CO2 WELDING-Power Source Normally, a power source with constant potential characteristics is used for CO 2 welding as it has the ability to self regulate the welding arc. The
On the Moodle site just below the assignment you will find data from a slow sine sweep test conducted on a car on a "four-post" road simulator for the frequency range 0 to 20 Hz in
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd