User Account

All Pages

Effective for certain demand projections

Assignment Help Business Management
Reference no: EM131207697

Have a few questions I need help with. Each question needs it's own answers.

Q1. Many managers want to know what goes on behind the forecast. They may feel uncomfortable with complex statistical models with too many variables. They also need to feel a part of the process. How do you feel regarding forecasting? Are you comfortable with complex models?

Q2. How does one know if the forecasting model being used is accurate? Is one forecasting model more effective for certain demand projections? Please explain.

Q3. Please define and explain Mean absolute deviation (MAD), and How would you use it in Forecasting?

Reference no: EM131207697

Questions Cloud

Describe the data contained in the database : Describe the data contained in the database. Describe the tables, fields, and records in the database. Describe the keys, indexes, and relationships in the database. Identify data redundancy and describe potential solutions.
Types of descriptive statistics : Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample. Analyze the types of inferential statistics that might be best for analyzing the data, if you were to collect a sample.
Swot analysis as a contextual strategic planning tool : Post an assessment of the value of SWOT analysis as a contextual strategic planning tool. Your assessment should include the following:
What are the responsibilities of the hospital : What are the responsibilities of the hospital to ensure that informed consent has been obtained from the patient - What liability, if any should be imparted to the physician?
Effective for certain demand projections : Many managers want to know what goes on behind the forecast. They may feel uncomfortable with complex statistical models with too many variables. They also need to feel a part of the process. How do you feel regarding forecasting? Are you comforta..
Evaluate online tools for business collaboration : Create an online meeting presentation to evaluate online tools for business collaboration. Research and use each tool to collect details on the following evaluation parameters:
How the author hooks the reader in or conversely : Let the reader know how this method of organization helps or does not help the author's purpose. Then, discuss the style of writing - does the style help the author prove his/her point? Finally, study the introduction and conclusion of your chosen..
How emerging technology might be applied in work environment : Explain how it might be applied in the work environment. Explain potential benefits of adding this new technology. Explain potential drawbacks of adding this new technology.
Describe jung idea of the collective unconscious : List Erikson's eight stages of development. Describe two of them. Choose one and describe what happens when this is successfully negotiated. Choose the other to describe what might happen if this crisis was not successfully negotiated.

Reviews

Write a Review

Business Management Questions & Answers

  A plan of action of surveying customers

What value does surveying customers bring?

  Culture one of problem spotting or problem solving

Is/Was the culture one of problem spotting or problem solving?

  E-commerce marketing plan for the e-commerce website

E-Commerce Marketing Plan for the e-commerce website your choice for Marketing Plan can be a real company or one you make for purpose of assignment.

  Find a scholarly article related to corporate social

find a scholarly article related to Corporate Social Responsibility

  Cultural diversityyou as a culturally diverse entity

cultural diversityyou as a culturally diverse entity prepare a cultural background summary of your personal cultural

  Regulate the psychology of consumer decision-making

Regulate the psychology of consumer decision-making, Evaluate when social factors impact consumer decisions, Regulate the five factors that influence decision by consumers

  Problem regarding the types of healthcare organizations

Question 1: Select a HEDIS measure. Identify which types of healthcare organizations must meet this measure, what the ramifications are for NOT achieving this measure, and how this measure impacts quality.

  What is meant by an inclusive environment

Expalin what does an organization that values diversity need to consider and address in order to manage and balance issues related to facets of diversity that may conflict

  Swap price for strip of forward

Suppose that 1- and 2-year silver forward prices are $22 and $23 per oz., respectively. The 1- and 2-year interest rates are 6% and 6.5%. What is the swap price for this strip of forward?

  Possible outcomes and limitations of statistical test

What is an appropriate null hypothesis to compare the quality of the product manufactured in the overseas plants and the U.S. plants? Why? How would you choose an appropriate level of significance for your statistical test? What are the possible o..

  Explain what have you learned about why understanding

Explain What have you learned about why understanding our connections with nature is essential for addressing sustainability

  Explain if your current organization does differentiate

Explain  if your current (or former) organization does differentiate between A, B and C players and/or positions

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd