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Sales of vegetable dehydrators at Bud Banis' discount department store in St. Louis over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the upcoming four months (March, April, May, and June of 2010).
Month 2009-2010 Unit Sales Forecast Managements ForecastJuly 100August 93September 96October 110November 124December 119January 92February 83March 101 120April 96 114May 89 110June 108 108
(a) Compute MAPE for management's technique
(b) Do management's results outperform (ex have smaller MAPE than) a naive forecast?
(c) Which forecast do you recommend, based on lower forecast error?
Provide one example of a situation in which it seems to be more important for a business to be ethical rather than lawful, and one example of a situation in which it seems more important for a business
The Electrocomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling.
Analyze this case in your mind and then state the legal issues to be considered.
Cloris employs one sales representative at a salary of $40,000 per year. If Johnson reduces advertising budget by $20.000 she expects to 75 fewer units. Should he lower her advertising budget.
Examine the causes of the most significant type of defect, using a cause-and-effect diagram.
Is currency fluctuation on either or both of your lists? If so, would your protection strategies be the same or different? Explain how you would protect against currency variation.
pre-occupied with keeping up with changes in their environment that they can never stick with anything long enough to get very, very good at it?
On the payment due date, Brown seeks to collect from Gett, claiming that Wade's agency made Gett liable. Gett does not deny that Wade was a friend, but he claims that Wade was never his agent. Discuss fully whether an agency was in existence at th..
Cultural symbols are usually noticed through sight, sound, touch, and smell. For example, Abercrombie retail stores use music, attractive models, and fragrance to communicate elements of its retail store culture.
Should benching be a matter of concern at Delta and what are the risks involved in moving from a project-centric mode to a mix of projects and products?
Think of a leader you admire. What traits does this person have? Are they consistent with the traits discussed in this chapter? If not, why is this person effective despite the presence of different traits
Shirley Hopkins is developing a program in leadership training for middle-level managers. Shirley has listed a number of activities that must be completed before a training program of this nature can be conducted.
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