Judgmental forecasts have the following strengths, except Can compensate for "one-time" or unusual events O b. Can include "inside" and "soft" information difficult to quantify O c. Highly responsive to latest changes in environment O d. Difficulty in understanding causal relationships

Judgmental forecasts have the following strengths, except Can compensate for "one-time" or unusual events O b. Can include "inside" and "soft" information difficult to quantify O c. Highly responsive to latest changes in environment O d. Difficulty in understanding causal relationships

Name: Q43 Judgmental forecasts have the following strengths,except_a. Can co
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Description: Q43 Judgmental forecasts have the following strengths,except_a. Can compensate for "one-time" or unusualeventsO b. Can include "inside" and "soft" informationdifficult to quantifyO c. Highly responsive to latest changes inenvironmentO d. Difficulty i

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter4: Writing Linear Equations

Section: Chapter Questions

Problem 14CR

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Many small restaurants in Portland, Oregon, and other cities across the United States do not take reservations. Owners say that with smaller capacity, noshows are costly, and they would rather have their staff focused on customer service rather than maintaining a reservation system (pressherald.com). However, it is important to be able to give reasonable estimates of waiting time when customers arrive and put their name on the waiting list. The file RestaurantLine contains 10 observations of number of people in line ahead of a customer (independent variable x ) and actual waiting time (dependent variable y ). The estimated regression equation is: Y=7.82+8.84x and MSE= 113.9197. Number of Customers Waiting Time (Minutes) 4 58 3 38 5 37 4 45 7 73 5 42 8 83 4 54 7 70 4 29 a. Develop a point estimate for a customer who arrive with three people on the wait-list (to decimal). _______minutes b. Develop a confidence interval for the mean waiting time for a…
Many small restaurants in Portland, Oregon, and other cities across the United States do not take reservations. Owners say that with smaller capacity, noshows are costly, and they would rather have their staff focused on customer service rather than maintaining a reservation system (pressherald.com). However, it is important to be able to give reasonable estimates of waiting time when customers arrive and put their name on the waiting list. The file RestaurantLine contains 10 observations of number of people in line ahead of a customer (independent variable x) and actual waiting time (dependent variable y). The estimated regression equation is: y=7.82+8.84x and MSE=113.9197. 3 people are on the waitlist.
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