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Burger Lover Restaurant forecasts weekly sales of cheeseburgers. Week Cheeseburger Sales 1 354 2 346 3 366 4 320 5 353 Based on historical observations over the past five weeks, make a forecast for the next period using the following methods: simple average, three-period moving average, and exponential smoothing with α = 0.3, given a forecast of 325 cheeseburgers for the fifth week. Round your answers to 2 decimal places, the tolerance is +/-0.01. Simple average: F6 = 3-Period moving average: F6 = Exponential smoothing with: F6 = If actual sales for week 6 turn out to be 366, compare the three forecasts using MAD. Which method performed best? (Calculate your answers using the error only in period 6.) MAD (simple average) = MAD (3-period moving average) = MAD (exponential smoothing) = provides the lowest MAD.
What was the outcome? How might you bring about a different outcome if a similar experience occurred today? Support your comments by discussing one or more examples from the contemporary environment that parallel your experience. Cite at least one..
Ruth and Stella were sisters. They owned a house as joint tenants with right of survivorship. Ruth sold her half interest to Roy: Thereafter, Stella died, and Roy claimed the entire property by survivorship. Was he entitled to it?
Case Study on Flushing It Down the Drain. Wheaton Sanitary District. This tour of a wastewater treatment plant is an example of a high-volume, public project. How is capacity defined at a wastewater treatment plant
Analyze the needs of the job and identify your personal strengths and qualifications to obtain it
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How plan to conduct market research for your project? Sharing ideas may help you learn from the approach of others on this requirement.
Operating according to rules set by various counties where it operates is really an important rule for every MNC. Most countries employ local legal counsels to avoid breaking the laws of the countries where they chose to set up a branch. Legal system..
Give an example of a product or service for which you have a very price inelastic demand (i.e. you'll continue to purchase about the same even if the price goes up quite a bit). Since the change in quantity is so much more than the change in price, I..
Write a short paper describing your current (or most recent) job and the compensation system in place at your current (or most recent) place of employment. Don't use the name of a company, just describe it. (For instance instead of "Home Depot",..
As Yahoo operates a broad range of properties/businesses, assess and evaluate the firm’s structure and control system and discuss the rationale and appropriateness of these mechanisms to sustain profitability.
What are the five stages of the consumer buying decision process? How can you use this information to your advantage as a marketer? What are the 5 stages of the consumer buying decision process? How can you use this information to your advantage as a..
What differences or similarities exist in the operational and resource factors. 4. Can you find any examples of companies that did or did not consider the legal factors? How was the situation resolved?
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