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- QUESTION 34 Suppose the actual sales and the forecasted, or smoothed sales, for the past 5 months have been Actual Smoothed 54.4 76.8 54.4 75.5 72.3 53.2 74.8 39.2 57.6 What is the Mean Absolute Error of the smoothed series? (please round your answer to 1 decimal place)Question 35 Suppose the actual sales and the forecasted, or smoothed sales, for the past 5 months have been Actual Smoothed 54.4 76.8 54.4 75.5 72.3 53.2 74.8 39.2 57.6 What is the Mean Square Error of the smoothed series? (please round your answer to 1 decimal place)Question 3George, a Pharmacist, has recently graduated from college where he did most of his coursesonline. He has no experience in management and is interested in opening his own Pharmacy in arural community where he is of the belief that there is a demand.George has approached you, a third-year student pursuing a Bachelor’s Degree in BusinessAdministration, to assist him to select the most appropriate business formation based on hispresent situation.A. The THREE (3) types of business formations are Sole Proprietorship, Partnership, and aRegistered Company. Give him a detailed analysis of any TWO (2) types of businessformations by critiquing TWO(2) main characteristics of each
- Question No. 1List the specific weaknesses of each of these approaches to developing a forecast:a. Consumer surveys.b. Salesforce composite.c. Committee of managers or executives. Question No. 2What kinds of capacity problems do many elementary and secondary schools periodically experience? What are some alternatives to deal with those problems? Question No. 3The XYZ company produces all type of office furniture. The “Executive Secretary” is a chair that has been designed using ergonomics to provide comfort during long office hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks; TaskTime (min)Immediate predecessor A4- B7- C6A, B D5C E6D F7E G8E I6F, G Draw a precedence diagram of this operationWhat is the cycle time for this operation?What is the theoretical minimum number of workstations?Assign tasks to the workstationsWhat is the idle time per cycle?What is the efficiency of the…Question: Courtesy Calls makes telephone calls for businesses and charities. A profit of $0.50 is made for each business call and $0.40 for each charity call. It takes 4 min (on average) to make a business call and 6 min (on average) to make a charity call. If there are 240 min of calling time to be distributed each day, how should that time be spent so that Courtesy Calls makes a maximum profit? What changes, if any, occur in the maximum profit and optimal production policy if they must make at least 12 business and 10 charity calls every day?Question 1 Double Exponential Smoothing should be applied to time series with ____________________. Group of answer choices a. no trend and no seasonality. b. trend but no seasonality. c. seasonality but no trend. d. both trend and seasonality. Question 2 An analyst fits a Holt’s Double exponential smoothing model in StatTools to a time series data on sales with the smoothing parameters to be optimized by the software. In the output she notes that the optimized smoothing parameter for trend to be 0.0000. What does this imply? Group of answer choices a. There is no trend in the data. b. There is both trend and seasonality in the data. c. There could be trend in the data, but it is not smoothed over time by the model. d. This output does not make any sense!
- Applied Linear Algebra System of Equations Matrices Q1: See the attached image for full question and answer the question. Explanation: It's applied linear algebra question. Create equations for every piece of information given in the question(there are 4 equations) then solve it by using gaussian elimination method. Q2: Calculate the value of “a” for which the system has no solution, exactly one solution or infinitely many solutions. x+2y-3z=4 3x-y+5z=2 4x+y+2z=a+2 Q3: Select 3 different digits from these numbers (126789). Use only these numbers as coefficient and create a matrix of 5x5 (with all coefficient non zero) that has rank 3. Also, explain why the rank is equal to 3.QUESTION 1 Sales of Fat Lips Burgers for 2012 are shown in the table below. 1. Do the 2 month SMA forecast 2. Do 2 month WMA forecast using the information below WMA – 2: last month, 1 – last 2 months 3. For the month of January 2012, the forecast was 438. Do the EMA forecast with the smoothing constant = 0.3. What is the forecast for Jan 2013? 4. Compare the forecasts above using MAD, MSE and MAPE. Which forecast method gives the least errors? Month Actual Sales Forecast Jan 2012 438 Feb 420 March 414 Apr 318 May 306 June 240 July 240 Aug 216 Sep 198 Oct 225 Nov 270 Dec 315 Jan 2013 - QUESTION 2Dayang sells 5 kg bags of fertilizer to local farmers in Tg Karang. The sales data for the past 11 months is shown below. Month Demand (10s of bags) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15 1. Find the forecast for the month 12 using the methods below: a. Simple 4 month moving average (SMA) b.…Question 3 [Soalan 3] Use the data set below to answer the following questions: [Gunakan set data di bawah untuk menjawab soalan-soalan berikut:] Table 1: Monthly sales unit [Jadual 1: Unit jualan bulanan] Month [Bulan] Sales Units [Unit Jualan] 1 1100 2 1200 3 1450 4 1800 5 2100 6 2700 ii) Calculate the four-period weighted moving average forecasts for months 5 and 6 using weights of 0.05, 0.15, 0.30, and 0.50 from the earliest period to the latest period, respectively. [Hitungkan ramalan wajaran purata bergerak menggunakan empat-tempoh untuk bulan 5 dan 6 menggunakan pemberat 0.05, 0.15, 0.30 dan 0.50 dari tempoh yang terawal ke tempoh yang terakhir mengikut turutan.]
- Scenario for question Thabo Auto Parts is a very small scrapyard in Bloemfontein that started operating in February 2021 and they sell parts for BMW cars. Currently, they serve the customers in Bloemfontein. Even though Thabo Auto Parts has a limited marketing budget and few resources (e.g., employees), they are considering engaging in digital marketing. They already have a Facebook account that is used once a week to only post items on promotion to their 50 followers. Thabo Auto Parts manager states that they have seen too little benefits from marketing on Facebook, and they are, therefore, reluctant to invest further into digital marketing. The manager of Thabo Auto Parts has approached you for advice Identify the mistakes, if any, that Thabo Auto Parts did when using Facebook for marketing, discuss what they should consider for optimal benefits of Facebook marketingScenario for question Thabo Auto Parts is a very small scrapyard in Bloemfontein that started operating in February 2021 and they sell parts for BMW cars. Currently, they serve the customers in Bloemfontein. Even though Thabo Auto Parts has a limited marketing budget and few resources (e.g., employees), they are considering engaging in digital marketing. They already have a Facebook account that is used once a week to only post items on promotion to their 50 followers. Thabo Auto Parts manager states that they have seen too little benefits from marketing on Facebook, and they are, therefore, reluctant to invest further into digital marketing. The manager of Thabo Auto Parts has approached you for advice Explain to the Thabo Auto Parts manager what impact will digital marketing have on their business and suggest the three most appropriate digital marketing strategies (other than Facebook) for Thabo Auto Parts? You also need to explain why the three digital marketing strategies you…Scenario for question Thabo Auto Parts is a very small scrapyard in Bloemfontein that started operating in February 2021 and they sell parts for BMW cars. Currently, they serve the customers in Bloemfontein. Even though Thabo Auto Parts has a limited marketing budget and few resources (e.g., employees), they are considering engaging in digital marketing. They already have a Facebook account that is used once a week to only post items on promotion to their 50 followers. Thabo Auto Parts manager states that they have seen too little benefits from marketing on Facebook, and they are, therefore, reluctant to invest further into digital marketing. The manager of Thabo Auto Parts has approached you for advice Discuss which copyrights, patent or trade secret, if any, will result from this work.