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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 Forecast July 100 August 93 September 96 October 110 November 124 December 119 January 92 February 83 March 101 120 April 96 114 May 89 110 June 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?
What steps in research process do you find most valuable? What are the benefits of the conducting research and analyzing sources?
Calculate a service level for each of the above airlines. Marketing expenses for each quarter are known in advance, and could be used to improve forecasting performance with respect to the number of subscribers.
A linear programming model consists of decision variables, constraints, but no objective function. In a linear programming model, the number of constraints must be less than the number of decision variables.
The production manager for Whoppy soft drink company is considering production of 2 kinds of soft drinks: regular and diet. For the production combination of 135 regular cases and 0 diet cases, which resource is completely employed up (at capacity)?
Make the management-research question hierarchy for the management dilemma at your place of employment or at an organization for which you volunteer. A presentation of company and dilemma which may need research. Discussion includes the company, s..
What is the optimal number of "Graduation Rings" Debbie should buy for the Campus Bookstore at Phoenix's University
How are Hypothesis Development and Theoretical Framework employed in Healthcare? How does the Measurement of Variables (Operation Definition) play a role in Healthcare Field.
Write a two page summary on a particular process in any organization.
The investor hires a researcher who randomly samples 19 warehouses that are for sale and finds that the mean price per square metre is $316,70, with a standard deviation of $12.90. If the researcher uses a 5% level of significance, what statistica..
For this Discussion Forum, please document all of the steps needed to create a specific strategic group map for the beer industry. Then create a strategic group map, based upon the following industry definition:
Do you agree that the success of corporations rests in their capability to communicate effectively, to convince stakeholders of their point of view, and persuade them to respond in a desired manner?'
This solution explains some of the risks that are inherent with doing business in China. For many global companies, China represents a highly attractive market in terms of size and growth rate.
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