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A two year sales history by quarter for a seasonal product is given below. Sales Quarter First Year Second Year 1 30 42 2 48 58 3 60 74 4 35 44a) Using Winter's method, forecast the quarterly sales for the third year.b) Assume that the actual sales for the first quarter of year 3 is 48 units. What is the revised forecast for the second quarter of the third year? Use a=?=?=0.2.c) Assume the following actual sales occurred during third year. Quarter Sales1 482 703 954 50 What is the 95% confidence interval around a one-period forecast?
Describe how can delta airlines improve its sky miles program to be more efficient, more attractive also give greater rewards for their customers.
Find out the break-even point for each range. 80,152. If estimated demand is 90 to 120 customers per hour, explain how many machines should be purchased.
Construct a c-chart for test errors also set the control limits to contain 99.73percent of the random variation in test scores. Illustrate what does the chart tell you.
Role of Product Harm also Consumer Vulnerability. Explain how should businesses handle those deemed to be vulnerable.
The economies of countries such as Russia and China have historically been operated through centralized bureaucracies
Suppose you were manager of a restaurant and you were told h1stly that a couple eating dinner had just seen a mouse. Illustrate what would you say to them. Explain how would you recover from this service crisis.
Determine the minimum and maximum cycle times. What range of output is theoretically possible for the line?
The ordering cost is $30 per order and the annual demand is 7,500 units. The holding cost is 10 percent of the purchase cost.
One of the potential problems mentioned inthis chapter with gathering information requirments by observing potential system usuers is that people may change their behavior when observed.
The president of a small manufacturing firm is concerned about the continual growth in manufacturing costs in the past several years. The data series of the cost per unit for the firm's leading product
M-Bike, Inc. is a Seattle based firm that supplies high-end mountain bikes. Consumers in Lalaland have recently discovered the joy of biking. Thus, M-Bike is considering expansion into Lalaland.
Illustrate what is efficiency of line balanced as in d. Suppose which demand rose from 750 to 800 units per day. Illustrate what would you do? Show any amounts or calculations.
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