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National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month/Sales (000) Units Feb 16 Mar.17 Apr. 11 May. 29 Jun. 19 Jul. 21 Aug. 21 Forecast September sales volume using each of the following: 1.A linear trend equation 2.A five-month moving average 3.Exponential smoothing with a smoothing constant equal to .30, assuming a March forecast of 16(000 4. The naive approach 5. A weighted average using .60 for August, .10 for July, and .30 for June.
Complete the below table. Which one of these techniques would you recommend to use and indicate your rationale? Technique Ave Bias Ave MAD MSE Ave MAPE Naïve
To construct an electricity generating unit, a company has to install 60 items. One team takes on an average 30 days to install one item. A team works for 300 days/year and managem
Which of the following are defined as core goods? Chemicals Airlines Data storage systems Hotels None of the above
Need help with paper for this class? Attain faculty approval as you select one of the following organizations: • Global Crossing • Tyco • WorldC
A manager is trying to decide whether to build a small medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25, 0.40, and 0.35,
Lori produces "Final Exam Care Packages" for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages. a) What is Lori's productivit
After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine
How the job of industrial manager becomes more difficult? However, the job of industrial Manager becomes still more difficult because of: (i) Change in technology; (ii) C
Why might it be difficult to justify a strategic information system?
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