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A rental car manager estimates the number of full-size sedans rented per week so that she can maintain adequate number of cars in the lot. Data for the past 10 weeks are shown here Rentals Week Rentals 1 23 2 24 3 32 4 26 5 31 6 28 7 32 8 35 9 26 10 24 a) Prepare a forecast through week 11 by using a five –week moving average b) Prepare a forecast through week 11 by using a 3-period weighted moving average, giving the weight of 0.5 to the most recent week, 0.3 to the second week and 0.2 to the third week. c) Prepare a forecast using exponential smoothing method with α = 0.2. Forecast for week 1 was 22. Prepare a forecast through week 11 by using a regression model Y= 26.33 + 0.3212X d) Which method is preferred for this data if mean absolute deviation (MAD) is used? e) Make a recommendation for number of full-size sedans for a week.
how will the profit be divided among the members? A. Philip gets $30,000 and Deborah gets $70,000. B. Philip gets $50,000 and Deborah gets $50,000. C. Philip gets $25,000 and Deborah gets $75,000. D. Philip gets $35,000 and Deborah gets $65,000.
Under the continuous review policy, the average daily demand for Apple Ipad II at a Circuit Town store is 15, with a standard deviation of 5 units. The lead time is constant at 2 days. If the management wants a 90% cycle service level. What is the re..
Consider an automobile repair business. What are the traits of the repair process that are relevant when considering how to approach aggregate planning for the business? how do those traits translate into an aggregate planning approach, and into deci..
The numbers of patient arrivals to the ER department at a local hospital for the past 5 weeks are: week: 1 , 2 , 3 , 4 , 5 arrivals: 405 ,420 , 400 , 380 , 411
Assess the value of having a Supplier Code of Conduct when outsourcing operational functions to international markets and the enforceability of such a code.
Determine the company's resources, capabilities, and core competencies. Analyze the company's value chain to determine where they can create value using the resources, capabilities, and core competencies discussed above.
Describe the impact of a career development program on employee attrition, equal employment opportunity, quality of work life and competitiveness of the organization. Rate your organization's career development program and describe its weaknesses/str..
Social media marketing depends on involvement and word-of-mouth. However, there are risks when using social media marketing. Discuss the pros and cons of using social media such as LinkedIn, Facebook, and online blogs as part of an integrated marketi..
Determine which type of cooperative strategy would most benefit the two companies Whole Food and Fresh Market companies. Provide specific examples to support your response.
Discuss the best way to leverage a breakeven analysis when defining a business strategy.
Construct a list of steps for making a cash withdrawal from an automated teller machine (ATM). Assume that the process begins at the ATM with your bank card in hand.
Managers in large units tend to: Charismatic leadership is an example of which approach for studying leadership? In comparison to low-level managers, most top executives: According to Mintzberg, which type of role is likely to get the highest priorit..
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