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1. Briefly describe when qualitative versus quantitative forecasting methods would be used?2. Linear Regression.a. Describe what linear regression is and how it can be used.b. Explain each variable in the equation: y = a + bxc. Coefficient of Correlation, r.- What does r measure?- What values can r have and what do they mean?d. Coefficient of Determination, r2.- What does r measure?- What values can r2 have and what do they mean?3. Problem 4.35 on page 143 paraphrased: A real estate developer created a linear regression model to determine home prices. The price of the home (Y) is determined by the size (square footage = X). The model is: Y = 13,473 + 37.65X.The coefficient of correlation is 0.63.a. Use the model to predict the selling price of the house that is 1,860 square feet.b. An 1,860 square foot house recently sold for $95,000. Explain why this is not what the model predicted.c. If you were going to use multiple-regression to develop such a model, what other quantitative variables might you include?d. What is the value of the coefficient of determination in this problem? What does this mean?
Illustrate what are your retailer profits for each stock level. Supplier profits for each stock level. Supply chain total for each stock level. Fill rates for each stock level.
Determine the order quantity and reorder point. Determine the annual holding and order costs.
Choose one of the network flow models. Describe a situation in which the model you choose could be used.
How much is the company is worth? How much you would pay for it if you were Scott and Peterson?
You are the manager of the Gander Mountain store in Frogtown, Illinois. Recently, a customer mentioned that they believed your prices for ammunition were lower than the prices of Gander's primary competitor in the hunting equipment market, Cabela's.
discusses the unethical issues at Enron that led to their downfall. How did this unethical issues go without notice for so long? How were they ultimately discovered?
What would be the effect on the optimal solution if the production time on line 1 was reduced to 40 hrs? what would be the effect on the optimal solution if the profit for the product B was increased from $7 to $15? to $20?
Sunny Park Tailors has been asked to make three different types of wedding suits for separate customers. The table below highlights the time taken in hours for (1) cutting and sewing and (2) delivery of each of the suits
First printing has contracts with legal firms in San Francisco to copy their court documents. Daily demand is almost constant at 12,500 pages of documents.
on Toyota's Production System (ie. Benefits, Advantages/Disadvantages, History, Effects on today's manufacturing) and was just wondering if I could get like 5 key points
What is the expected fill rate based on your answer in part a?
If social networks are an essential element of the organizing facet of the P-O-L-C framework, should employers track the use of LinkedIn or Facebook among their employees? Why or why not?
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