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The Midwestern Manufacturing Company (MMC) is a large manufacturer of electrical generators. The firm has experienced demand for their generators as shown below:
Year Demand
2003 74
2004 79
2005 80
2006 90
2007 105
2008 142
2009 122
For the questions below, create EXCEL worksheets naming the tabs as indicated.
a. Calculate a forecast for 2010 using a 3 year moving average. Place your results in a worksheet tab named Q1.
b. Calculate a forecast for 2010 using exponential smoothing. Use .7 as your Alpha value. Place your results in worksheet tab Q1.
c. Using Mean Absolute Deviation as your criteria, determine which method performs best. Explain your decision. Place your results in worksheet tab Q1.
PolyCorp is considering an investment in new plant of $3 million. The project will be financed with a loan of $2,000,000 which will be repaid over the next five years in equal ann
A car moves with constant velocity along a straight road. Its position is x1 = 0m at t1 = 0 seconds and is x2 = 56 m at t2 = 5.0 s. what is the cars position at t=2.5 seconds and
1. This question has multiple parts. For a distribution of scores with = 82 and standard deviation = 2.5, find the following: (Don't forget to sketch the normal curve to help
regression line drawn asY=C+1075x,when x was 2,and y was239,given that y intercept was11.calculate the residual.
3DP, a Luxembourg-based company plans to develop and sell highly specialized 3D printers. The cost of product development is estimated at EUR 50,000.-, irrespective of whether or n
Under this methods the enumerators are appointed and given training. They are provided with schedules containing relevant questions. These enumerators go to respondents with the
1. Mention the characteristics of Statistics. Explain any two applications of Statistics.
why death rates are standardlized
Explain public budget A plan of financial process embodying an estimate of proposed expenditures and any other expenditure for a given era of time and the proposed means of finan
For our class homework we prepared a 3-month forecast for sales (12 months with actual sales for each month). What or how do we figure the absolute deviation of the 3-month foreast
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