Divvy Bikes 2021 summer ridership has increased 30% from the ridership levels in 2020. Divvy's management attributes this to 2020 having fewer work places and recreation venues were open than in 2021. This is an example of which type of data analytics? Question 6 options: a) Descriptive b) Diagnostic c) Predictive d) Prescriptive
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Divvy Bikes 2021 summer ridership has increased 30% from the ridership levels in 2020. Divvy's management attributes this to 2020 having fewer work places and recreation venues were open than in 2021.
This is an example of which type of data analytics?
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- Smith Corporation is using employee data on the length of the employee's commute to the office to forecast the impact on employee retention that a potential return to in person work at the corporate headquarters vs continuting to permit employees to work remotely. Which type of data analytics was being used by Smith Corporation? Question 7 options: a) Descriptive b) Diagnostic c) Predictive d) PrescriptiveWhich of the following statements about forecasting based on big data analytics is true? Question 5 options: Most firms should outsource this analysis. Most firms have all of the resources needed to do this analysis. Most firms may need to acquire new resources to do this analysis. All are true statements regarding big data analytics.q 1 An analyst must decide between two different forecasting techniques for weekly sales of roller blades. Based on the following data, answer the below questions. time Units sold 1 147 2 148 3 151 4 145 5 155 6 152 7 155 8 157 9 160 10 165 What's the MAD if the exponential smoothing technique with alpha 0.4 is used?
- 18. When Creamy Layer Inc. planned to introduce a new ice cream flavor, its senior executives looked at the sales history of earlier introductions to forecast the sales for the newest flavor. This is an example of an analogy approach for new product forecasting. Select one: O True O False5- When a forecast is too high in a company, it means that the company has allocated more resources which makes the company suffer. How would you classify a situation? a. High inventory cost b. High quality product c. High dissatisfaction from customers d. High employee turnoverq10- What is the best description of Granger-causality? Select one: a. the ability of lags of one variable to contribute to the forecast of another variable b. the ability of a variable to predict its own future c. the ability of the one variable to explain it own past d. None of the above Clear my choice
- Q.1: How forecasting helps in different disciplines of management science? Make a comparison between quantitative forecasting versus qualitative forecastingwhich of the following are charactersitics of qualitative forecasting methods? 1. Function of past data,2. Non numerical data , 3. useful when past data is avaialable , based on 4. broad range of knowledge , personal judgement, and intuition?a. what are forecasts? b. what are the costs associated with forecasting, and with not forecasting?
- mutliple choice question Process thinking alludes to: Select one: a. Value added activities b. Careful consideration of individual products c. Planning in view of aggregated products d. Lean thinking e. Examining diversified systems as one Question 12 As part of the Important situational factors to be considered in forecasting __________________ relates to the method used and subject of forecast that should be closely related. Select one: a. Use of decision factors b. Accuracy and cost c. Timespan of the forecast d. Nature of goods and services e. Availability of data Question 13 Efficiency is one of the process performance ratios that organisations can use to measure the performance of a process. Which formula is used to measure efficiency of the process? Select one: a. Items produced /Actual rate b. Items produced /Items sold c. Actual output rate /Designed production rate d. Items…QUESTION 5 Choose the answer with the best match. Elements of a Good Forecast, Meaningful: The benefits should outweigh the costs It should work consistently The degree of accuracy of the forecast should be stated The forecasting horizon must cover the time necessary to implement possible changes so that its results can be used The units measured should be useful to those using the forecast QUESTION 6 There are two main approaches to forecasting. Choose the best two: Quantitative, Consumer Judgmental, Quantitative Sales force, Judgmental Historical, Consumer Expert, Executive QUESTION 7 Describe the following: Andon Maintaining equipment in good condition Maintaining a workplace that is clean System for moving work to the next station as it is completed System of lights used at each workstation to…It wouldnt let me take a screenshot of the table so I had to copy and paste it in here. My question is: How do you Calculate a moving average forecast using the last 2 and 4 dates of stay. What is the prediction for 7/1/2021 for each technique? Discussion Question 1 - 200 room hotel Forecasts MA 2 Errors MA 4 Errors ES (0.8) Errors ES (0.5) Errors Date Day of Week Rooms Sold MA 2 MA 4 ES (0.8) ES (0.5) AE APE AE APE AE APE AE APE 6/1/2021 Tuesday 123 6/2/2021 Wednesday 109 6/3/2021 Thursday 140 6/4/2021 Friday 199 6/5/2021 Saturday 179 6/6/2021 Sunday 140 6/7/2021 Monday 117 6/8/2021 Tuesday 132 6/9/2021 Wednesday 108 6/10/2021 Thursday 151…