Reference no: EM1319728
1 Describe briefly the steps used to develop a forecasting system.
2 What is a time-series forecasting model?
3 What is the difference between a causal model and a time-series model?
4 What is a qualitative forecasting model, and when is it appropriate?
5 What are some of the problems and drawbacks of the moving average forecasting model?
6 What effect does the value of the smoothing constant have on the weight given to the past forecast and the past observed value?
7 Describe briefly the Delphi technique.
8 What is MAD, and why is it important in the selection and use of forecasting models?
9 Explain how the number of season is determined when forecasting with a seasonal component.
10 A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.
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Sources of competitive advantage
: What are the three sources of competitive advantage available to international businesses that are not available to purely domestic businesses?
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Human resources department and upper management
: Write a memo from the human resources department to upper management. Remember to describe the situation and explain the new policy. Consider some of the possible objections to this new policy and offer some solutions to alleviate employee's anxiety.
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Identify the kind of random variable
: Classifcation Which of the following are continuous variables and which are discrete?
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Improved long run productivity
: Given a real discount rate on Japanese government bonds of 6% during this period, by 1970 was the cost to Japan of protecting this industry recovered due to its improved long run productivity compared to having imported cars from the US?
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Time-series forecasting model
: What is a time-series forecasting model? What is the difference between a causal model and a time-series model? What is a qualitative forecasting model, and when is it appropriate?
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Strength in core technologies and financial staying power
: ABC Company wishes to enter a new market arena on the basis of its strength in core technologies and financial staying power. However, the market arena in question is currently dominated by a major competitor with 80 percent of the market share.
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Required probability for given probability distribution
: By using the age midpoints x and the percentages of nurses, do we have a valid probability distribution? Describe.
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Confidence interval estimate for true population mean
: Following data represent random sample of bank balances for population of checking account customers at large eastern bank. Based on data, determine the 95 percent confidence interval estimate for true population mean?
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Growing perpetuity investment
: You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $28,679 at the end of this year and subsequent payments which will grow at a rate of 4.6 percent annually.
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