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Develop a forecast for years 2 through 12 using exponential smoothing with ƒÑƒn= .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the naive forecast. Based on a visual inspection, which forecast is better
Year 1 2 3 4 5 6 7 8 9 10 11
Demand 7 9 5 9 13 8 12 13 9 11 7
a)Polt the above data on a graph. Do you observe any trend, cycles, or random variations?
b) Starting in year 4 and going to year 12, forecast demand using 3 year moving average. plot your forecast on the same graph as the original data.
c) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average with weights of.1,.3,and .6, using .6 for the most recent year. Plot this forecast on the same graph.
d)As you compare forecasts with the original data, which seems to five the better results?
Question 1 of 6. Amber Patel operates a delicatessen store in South Lambert, Nevada. Currently, the store has 4 employees, each one working 160 hours per month. Because of its exce
Explain production budget. A production budget may be made by production manager in consultation along with his assistants after obtaining the sales Budget. A production budg
The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 31 percent of its business on Friday night, 26 percent on Saturday night
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Which of the following probability distributions cannot be simulated ?
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Human resource activities that do NOT relate to motivating workers include: Answer career development performance management training initiatives retention initiatives
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