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Some company sales by month are shown as below:
Month Sales
January 474
February 485
March 501
April 588
May 579
June 673
July 594
August 679
September 608
October 699
November 732
December 732
Owner decides that the safest forecasting approach is exponential smoothing with an alpha of 0.8. She uses the January demand and the January forecast just to get the ball rolling. Generate a forecast for the year using this technique and then calculate forecast errors using MSE. What is the mean squared error for this forecasting approach?
Non-Slip Tile Company (NST) has been using production runs of 100,000 tiles, 10 times per year to meet the demand of 1,000,000 tiles annually. The set-up cost is $5,000 per run and holding cost is estimated at 10% of the manufacturing cost of $1 per ..
Modify the Hoosier Burger context-level data-flow diagram to reflect the changes mentioned in the case. Modify Hoosier Burger level-0 diagram to reflect the changes mentioned in the case.
summary that should focus on the rationale used in determining the legal structure for a business. Be prepared to discuss in class.
Are you a believer in the intergenerational effect? Make a list of the brands in your cupboards, refrigerator, and medicine cabinet.
You punch multiple parts from a sheet of Aluminum. The sheet is a 1728 square-inches rectangle and you get 18 parts that are 70 square-inches each.
Discuss in detail the various types of e-commerce models - be sure and mention all models from the b2b, b2c, c2c and c2b areas.
Find the width of the control limits in standard deviation units. What would be the corresponding parameters for an equivalent control chart based on the number nonconforming? What is the probability that a shift in the process fraction nonconforming..
Research, examine, and discuss five positive work habits that are essential to long-term career success. Also, discuss the meaning of the expression "Dress for success." What does this mean to you, and how should you dress for work?
Provide an analysis of the behaviors of supply chain networks and supply chain drivers in your memo.
Importance of Internal Alignment. Why is internal alignment an important policy in a strategic perspective of compensation? How is internal alignment supported or not supported by a Christian worldview? Factors Influencing Internal Pay Structures. Di..
What are the essential elements of Lean thinking? What are the essential elements of Six Sigma analysis activities? Please be certain to highlight and compare the differences and similarities between the two concepts.
What is the impact of IT goals on procurement managers? What types of IT solutions are most effective for addressing procurement in the supply chain? What are the advantages and risks associated with IT integration in procurement?
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