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An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is Ft = 125 + 2.0t, and it was developed using data from periods 1 through 10. Based on data for periods 11 through 20 as shown in the table, which of these two methods has the greater accuracy if MAD and MSE are used? (Round your answers to 2 decimal places.) t Units Sold 11 148 12 150 13 149 14 146 15 156 16 148 17 156 18 154 19 159 20 163 MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)
Has globalization of supply chains encouraged or discouraged Vendor Managed Inventories?
For simplicity, assume that each plane landing between 6am and 8am carries 240 passengers, 75% EU and 25% non-EU citizens. Passengers from each flight continuously join (at a const
1. Construct and inspect a control chart for the packing slip data. 2. Construct a Pareto analysis of the errors. 3. What information might a separate chart for each error ca
How does FES differ from other point factor job evaluation methodologies? Give examples of bobtailing in FES
As leaders assess the capabilities of their team members, two questions must be answered to determine how to organize work. These questions are: Can the person do the job? Will he/
Do a lean waste analysis on the goal and create a waste elimination plan. (List the seven forms of waste, list items in the goal by waste form, determine what could be done to redu
Since May of 2005, the purchase manager at a department store has been using a 4-period moving average to forecast sales in upcoming months. Sales data for the months of January th
A1 Inc. has $1 million in assets at a job site and, applying a risk transfer approach, wishes to address risk by taking out an insurance policy. The insurance carrier provided its
Given this information: Expected demand during lead time = 300 units Standard deviation of lead time demand = 30 units Determine each of the following, assuming that lead time dema
Describe What happens if balance doesn’t exist
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