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The term churn is very important to managers in the cellular phones business. Churning occurs when a customer stops using one company's services and switches to another company's services. Obviously managers try to keep churning to a minimum, not only by offering the best possible services, but by taking step to stop churning before it occurs. For example, if a company learn that customers tend to churn at the end of their two-year contract, they could offer customer incentive to stay a month or two before the end of their two-year contract. The file C03_or.xlsx contains data on over 2000 customers of a particular cellular phone company. Each row contains the activity of a particular customer for a given time period, and the last column indicates whether the customer churned during this time period. Use the tools in this chapter (and possibly the previous chapter) to learn (1) how these variables are distributed (2) How the variables in Column B-R are related to each other and (3) how the variable in column B-R are related to the churn variable in column S. write a short report of your finding, including and recommendation you would make to the company to reduce churn.
Among simple moving average, weighted moving average, exponential smoothing, and linear regression, which forecasting technique would you consider the most accurate? In detail explain Why?
A machine makes a floor lamp model and a desk lamp model. The setup time for either lamp is 10 minutes. A floor lamp can be produced in 3 minutes and a desk lamp can be produced in 2 minutes. 125 floor lamps are needed per day and 100 desk lamps are ..
Identify at least two possible companies for the focus of course strategic planning project. This will allow you some flexibility in choosing your final company by the end of the week.
Explain how would your remarks differ if the group reservation had been made by the vice president of engineering, an incentive travel organization.
Thinking in terms of budget, scope, and time, which type of contracting arrangement would you prefer to build your retirement home and why? [Evaluate this scenario in terms of risk management as well.] 1. Multiple contractors who each specialize in o..
Your swimwear shop is a block from Fort Lauderdale Beach in Fort Lauderdale, FL. You lease the location, which offers merchandise floor space and storage. Your business is quite profitable as the location serves annual tourists. Your supplier is loca..
A historical demand (observation) of paper sales in cases is: January, 45; February, 40; March, 35; April, 50; and May, 55. Using a two month moving average, what is the forecast for June? What is the difference if you use a three month moving averag..
At a hotel setting, the check out time for the guest was: Analyze and find the trend of each control chart; Determine success or failure
Describe the capital market. What are the strengths and weaknesses of bonds, preferred stock, and common stock? Explain why firms need to use both debt and equity instruments. What is the efficient market hypothesis and how does it apply to stocks?
Discusses a number of different ethicists and philosophers and their ideas. Choose one of those philosophers you found most interesting. Pick out one short, interesting quotation from the textbook about the philosopher, or by the philosopher, and dis..
Illustrate what would be qualifications for a director of marketing for Automotive Performance.
Determine the number of police officers that should be scheduled to begin the 8-hour shifts at each of the six times (8:00 A.M., noon, 4:00 P.M., 8:00 P.M., midnight, and 4:00 A.M.) to minimize the total number of officers required.
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