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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 = 127 + 1.9t, 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 12 146 13 151 14 146 15 155 16 150 17 154 18 156 19 162 20 162 MAD (Naive) MAD (Linear) MSE (Naive) MSE (Linear)
Integrated solutions in product design and control of machinery are based on CAD and CAM technologies.
Fatigue is a major safety concern in the aviation industry. How does safety management address fatigue issues yet accomplish the job without incurring more costs in the company. We
Master Production Scheduling
Consider the LP z¤ = max x1 + x2 + 2x3 s.t. x1 + 5x2 + 4x3 • 60 2x1 + 3x2 + 2x3 • 90 xi ¸ 0 8 i = 1; :::; 3: (a) Use the simplex method and follow the smallest index rule to f
Briefly state two arguments raised in the text for and against tort reform
Why is quantitative risk so important in risk mitigation? Explain how you have seen this in action in life or in your organization.
implantation of operation strategy
Merk, Inc., produces electronics component on an assembly line. The standard cost for the component is $105 (labor $15, materials $60, and other costs $30). The sellings price is $
Why is it important for marketers to fully understand today's consumer behavior? Explain the factors that influence consumer's buying behavior.
What is an industry? (a) Industry is a group of diverse businesses under common owners. (b) Industry is a group of firms whose products have same and similar attributes such
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