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Refer to Solved Problem:
a) Use a 3-year moving average to forecast the sales of Volkswagen Beetles in Nevada through year 6.
b) What is the MAD?
c) What is the MSE?
Problem - The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks:
Week of
Pints Used
August 31
360
September 7
389
September 14
410
September 21
381
September 28
368
October 5
374
a) Forecast the demand for the week of October 12 using a 3-week moving average.
b) Use a 3-week weighted moving average, with weights of .1, .3, and .6, using .6 for the most recent week. Forecast demand for the week of October 12.
c) Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a = .2.
What factors must marketers consider as they decide whether to become involved in international marketing? Discuss the major ways to enter foreign markets.
Each year firm, on a random basis, uses about 2,000 of item X, which costs $25 each. Storage costs, which include insurance also cost of capital, amount to $5 per unit of average inventory. Illustrate what is annual cost for ordering item X.
If a company, with a normal payback requirement of two years or less, uses subsequent techniques, explain how might company adjust for projects of differing risk in approval process.
A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians. Responding to each call takes on a..
It has been said that the U.S. Constitution is a “living document” – that is, one that can adapt to changing times. Do you think this is a good policy? Or should the U.S. Constitution be interpreted narrowly and literally, as originally written?
A local high-tech company is determining its assembly schedule for the next 6 months. Assembly cost per drone is $100. In addition, if drones are to be assembled, there is a setup cost of $12,000 per month. At the end of each month, there is a holdin..
The primary payment terms used for international transactions are payment in advance, documentary credits (Letters of Credit), documentary collections, and open account. Explain the pros and cons of each from the perspective of the exporter/seller.
Discuss the differences and similarities between the object-oriented approach and the traditional, functional approach to building information systems with particular emphasis on the various diagrams used in both approaches
All units in a multiple-deliverable arrangement are considered separate units of accounting, provided that:
A customer has recently tightened the specs for a part your company supplies. The specs are now much tighter than the machine being used for the job is capable of. Briefly identify alternatives you might consider to resolve this problem.
What are the topmost skills that you would need to work with guidance? Would you see yourself working with guidance easily in the Australian workplace?
If you were evaluating a company's liquidity, would you be more inclined to use the current ratio or the quick ratio? Why?
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