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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)
Suppose the length of critical path in a project is 40 days and the standard deviation is 2 days. What due date should be set for the project so that the probability of completing
What is Marketing Research? Why do successful firms conduct marketing research for their products/services? Discuss the six steps in the Marketing Research process and relate to an
Explain the risks associated with levelling resources, compressing or crashing projects, and imposed durations, or catch-up, as the project is being implemented.
Edict - Types of Managerial Tactic Managers use an edict to direct change. The change is released as an order and the expected behaviour and performance is assumed. There are
If all you knew about a production system was that total daily output was 400 units and the total labour necessary to produce the 400 units was 350 hours, what kind of productivity
Explain Interface of Financial Policy and Strategic Management?
A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 6
What are the pros and cons of bureaucratic controls such as rules, procedures, and supervision? Should all organizations use bureaucratic controls? Why or Why Not?
In 1980 the Yellow Pages listed a Funeral Home under what
The upper and lower limits for diving ring diameters made by John''s Swimming are 40 and 39 cm. John took 11 samples with the following average diameters (39, 39.1, 39.2, 38.9, 39.
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