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A: Question 1 is answered below. Kindly post the other questions separately.
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A: THE ANSWER IS AS BELOW:
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- 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!Question content area Part 1 The director of the Riley County, Kansas, library system would like to forecast evening patron usage for next week. Below are the data for the past 4 weeks: Mon Tue Wed Thu Fri Sat Week 1 210 178 250 215 160 180 Week 2 215 180 250 213 165 185 Week 3 220 176 260 220 175 190 Week 4 225 178 260 225 176 190 Part 2 a) Calculate a seasonal index for each day of the week (enter your responses rounded to three decimal places). Part 3 b) Let x =1 for Monday of Week 1. If the trend equation for this problem is: y =201.74 +0.18x, the forecast for each day of week 5 is (round your responses to the nearest whole number):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 3 A department store has recorded the sales of the best selling can opener model during the last 6 months. Observed values of the can opener sales are: Period 1 2 3 4 5 6 Sales 25 22 26 33 28 30 Use Holt’s double exponential smoothing with smoothing coefficients α=0.3, β=.15, S1=24.13 and G1=1.484 to calculate F1,2, G2 and S2. F1,2 = S2 = G2 =Question 22As exemplifhed by the Amazon Echo commercial with Michael B. Jordan, the Wren clothing commercial, and the Do It for Denmark campaign..O. ...sex appeals can create brand awarenessO. ....for sex appeal to work, the ad needs to have half-naked models.O. ...sex appeals can only sel sex products.O. ...for a sex appeal to work, the ad needs to reference sex.O. ...sex appeals are the weakest appeal.QUESTION 3 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing whether the average energy use has decreased from the past (with a null hypothesis that the use has increased) (using the 5% level of significance), what is the p-value? (please round your answer to 4 decimal places)
- Question 2Chad and James are two veteran sales executives who have been working for a well-established car distributor selling new cars. About six years ago, believing that there were good prospects in starting a business in selling used cars, both gentlemen left their employment to venture out.Since the beginning of their company, sales had been quite positive, but the owners now wanted to know more about future sales using an appropriate forecasting method. For a start, they wanted to focus on the quarterly sales of a popular brand of used cars.The sales figures over the last five years were used for the forecast. They are presented in the table below. (c) Explain why forecasting, despite its usefulness or sophistication, should only be considered a useful tool for decision making in any business. What are other factors that need to be considered? (d) The business of selling cars in Singapore, like many businesses, is subject to uncertainties.Discuss three (3) external factors,…QUESTION 4 Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series: Quarter Seasonal Index Q1 72.4 Q2 85.3 Q3 109.6 Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for Q4. Furthermore, suppose that the estimated coeffcients from a regression of the deseasonalized series on Time are given below: Coefficients Intercept 2,506 Time 71.3 If the original value of the series in a Q1 was 2,040, then what is the seasonally adjusted value? (please round your answer to 1 decimal place)Cluster analysis is often used for what business purpose? Question 12 options: Predicting product demand Segmenting customers Assessing product success Forecasting future revenue
- Question 1 Data:A drive-in restaurant is running a new promotion, the "Route 44," named after an interstatethat runs through their primary market area. The drink is promoted as 44 ounces of purecarbonated pleasure but the regional manager, being somewhat of a quality expert, wantsto make sure that the company's drink process can deliver 44 ounces. He decidesstatisticalquality control is the best way to monitor their process.For ten consecutive days he purchases five Route 44 drinks from franchise locations on hisway to headquarters and turns them over to the testing lab for volume analysis. The dataappear in the table, all amounts are in fluid ounces as measured by the testing lab.Drinks ← Sample Readings →Subgroup ↓ Drink 1 Drink 2 Drink 3 Drink 4 Drink 5 Mean RangeD 1 43.51 42.47 42.15 43.15 44.14A 2 42.94 44.90 42.72 43.68 43.71Y 3 42.05 44.65 45.37 42.43 45.32S 4 41.72 45.94 46.68 43.13 42.625 44.98 45.39 43.30 44.52 43.446 43.83 44.44 44.94 45.74 45.837 43.76 44.65 45.41 44.73…Question 2: According to the CAIB and the Rogers Commission, NASA managers had an intense focus on which of the following: Group of answer choices A) Meeting budgets B) Meeting customer satisfaction benchmarks C) Meeting quality and safety standards D) Meeting the launch scheduleQUESTION 4 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past, what is your conclusion concerning the null hypothesis? Reject the null hypothesis Fail to reject the null hypothesis