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) Prescriptive
Q: How forecasting helps in different disciplines of management science? Make a comparison between…
A: Forecasting is a prediction method that can use historical data and current market trends and…
Q: QF13. A drawback to Traditional Forecasting Techniques include: O d. They do not support…
A: 13.Traditional anticipating fundamentally utilizes authentic perceptions to gauge future business…
Q: Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential…
A: Exponential Smoothing Forecasting Ft+1 = At-1×α+1-αFt Error = Actual data -Forecast data Mean…
Q: Forecasting Ticket Revenue for Orlando Magic Basketball Games For its first two decades of…
A: Given data, Team Date Day of Week Time of Year Rating of the opponent Additional sales…
Q: Question Four: ABC…
A: Note: - As we can answer only up to three subparts, we will answer the first three subparts for this…
Q: eory Application Lab 6: Social Marketing Theory Instruction: Physical activity is shown to be…
A: Social media marketing involves using social media websites and social networks to market a…
Q: 4. An electrical contractor's records during the last five weeks indicate the number of job…
A: Forecasting is the process of estimation in which future demand is estimated based on the previous…
Q: 1. Food trucks have become a common sight on American campuses. They serve scores of hungry…
A: 3-period moving average forecast =At-1+At-2+At-33 Exponential smoothing forecast, Ft+1 = αAt+(1-α)Ft…
Q: EXERCISE 9 - FORECASTING Question 1 The following data summarizes the historical demand for a…
A: Given- Month Actual Demand March 20 April 25 May 40 June 35 July 30 August 45
Q: Scenarios 1D A guest calls and asks to speak to a manager. She wants to complain. She is a strict…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: INSTRUCTION: Classify the following researches based on the different types of research. (NO NEED…
A: Introduction: Quantitative research: It deals with numbers rather than the explanations Qualitative…
Q: An electrical contractor's records during the last five weeks indicate the number of job requests:…
A: Given Information:
Q: Question 1 One use of short-range forecasts is to determine planning for new products. (A) True (B…
A: Forecasting is the process of prediction in which sales demand is estimated using historic…
Q: Discussion #1 & #2
A: As per the Bartleby Honor code we are not supposed to answer more than 1 question at a time. Please…
Q: 12.30. The manager of Sarah's Ice-Cream store needs an accurate forecast of the demand for…
A: Given-
Q: Complete the following table: Advantages Disadvantages Observation…
A: Observation Method - The which in which the data is collected by selecting, listening, watching,…
Q: 15. The Vision Hospital is considering the purchase of a new Advance Scan machine. The decision will…
A: Given data is
Q: Process thinking alludes to: Select one: a. Value added activities b. Careful consideration of…
A: 1- OPTION -B - Careful consideration of individual products 2-OPTION -A -Use of…
Q: How you would advise a person or a company to use Gantt and PERT charts. Differentiate between the…
A: Gantt charts and PERT charts are both tools for visualizing projects from start to finish, as well…
Q: Question Three: Jane is trying to forecast demand for her store, using moving average with n=2, Fill…
A: Find the given details below: Given details: Year Quarter Enrollment 1997 1 313 2 285…
Q: Question 4 Jo-Jo Inc is a manufacturing firm that produces soap. The company is owned by two…
A: Decision tree analysis is the technique represented through the graph to solve the business problem.…
Q: Question 2 Differentiate between independent and dependent variable in forecasting The last seven…
A: The major differences between the dependent variable and independent variable are the following:…
Q: Q1. What are the elements of good forecasting? Note: Write only the questions:
A: What Is Forecasting:- Forecasting is a method that utilizes chronicled information as contributions…
Q: an estimate that was very close to the actual time of arrival. Considering these factors are…
A: Forecasting Revenues: Forecasting revenues is the process of calculating the future revenue of the…
Q: QUESTION 9 The following is the actual sales for Manama Company for a particular good: t Sales 19 23…
A: t sales x y 1 19 2 23 3 22 4 27 5 34
Q: 1. A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August…
A: Since you have asked multiple questions, we will solve the first question with its sub-parts for…
Q: Discussion Question #2 - Present and discuss in detail the benefits and challenges of two…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Name the factors
A: Human resources management is a process that use to manage the resources to improve the individual…
Q: Forecasting customer demand is rarely a key to providing good quality service. Select one: OTrue…
A: Demand forecasting refers to the prediction of future demand by analyzing the past information…
Q: PLEASE PROVIDE AN EXPLANATION FOR HOW TO COMPLETE Planning Message and Material Development…
A: The social marketing strategy is very different from how public health organisations have…
Q: What is the role of the POS system in forecasting at HardRock?
A: Hard Rock is mainly used to collect data about every person who walks through a Hard Rock cafe's…
Q: A 100-year-old manufacturing firm has had an excellent reputation for high-quality products, with…
A: For any organization, it is extremely important to take adequate control measures in its day to day…
Q: When assigning responsibilities for monitoring risk mitigation plans, which of the following…
A: Risk management: It is the process of identifying, accessing and controlling the risk which affect…
Q: Q4 ABC University wants to develop forecasts for next year's quarterly enrollment. It has collected…
A: Given data is
Q: 101 Management's Forecast 122 114 a) What is the MAD for the forecast developed by management sales…
A: MAD shows the average deviations of the forecasted values in comparison to actual sales. MAPE is…
Q: 4. A new car dealership is considering opening branches in three of the largest cities in the state.…
A: Forecasting is the practice of predicting future events by focusing on long-term trends. Basically,…
Q: Identify the sampling techniques, sampling frame, and sample size in the following scenarios. a)…
A: a) In the given scenario, the sampling technique used is Multiple stage cluster sampling. Cluster…
Q: Internal supply estimates of human resources are most often done using trend projection forecasting,…
A: Estimating the Manpower Discrepancies One of the most important jobs of the managers is to find out…
Q: Being an Operational Manager, guide with reasons for the company to use appropriate forecasting…
A: Forecasting in the service sectors may provide some unusual challenges. One of the major challenge…
Q: QUESTION 9 Use the table below to answer the following questions (Choose only the letter) Periods…
A: Given data- Periods Observations 1 24 2 34 3 36 4 37 5 41 6 44 7 45
Q: On February 12 Peg Jones, vice president for operations and maintenance, called into Stephen’s…
A: Correlation is a statistic that measures the degree to which two variables move in relation to each…
Q: The number of major plumbing repair jobs performed by Augur’s Plumbing Service in each of the last…
A: Three-point averages are calculated by taking a number in the series with the previous and next…
Q: Which of the following terms is associated with the definition of 'control'? Question 5 options:…
A: Control - The process which is related with instructing, gudining, directing the person to do a…
Q: 20. Mercado Foundation, aims to help the pandemic front liners of education of Santa Cruz,…
A: Manufacturing is the process of converting the raw materials and resources into finished output for…
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:
|
|
||
|
|
||
|
|
||
|
|
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Under what conditions might a firm use multiple forecasting methods?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…Which 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.
- 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 1 Forecasting calculation X Month Sales (y)(000 units) 1 Feb. 19 2 Mar. 18 3 Apr. 15 4 May 20 5 Jun. 18 6 Jul. 22 7 Aug. 20 8 Sep a. Using a 5-month moving average, calculate September sales b. Calculate September sales Using a 3-month weighted moving average (weights are 0.60, 0.30. 0.10). c. Calculatate Exponential Smoothing (assume February sale is 19) sales in September (alpha 0.2, that means 1-0.2 = 0.8) d. Using regression analysis, what is Y (September sales) if X is 8? (use data> data analysis button> regression)1. The FedEx Company supports its global network, the company has 51 customer service call centers, whose service goal is to answer 90% of calls within 20 seconds. With million daily calls, FedEx makes extensive use of forecasting models for the number of calls, average handling time, and staffing decisions and to ensure the highest customer satisfaction. Question: Being an Operational Manager, guide with reasons for the company to use appropriate forecasting models.
- QUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months. Months SalesJanuary 69February 75March 86April 92May 95June 100July 108August 115September 125October 131November 140December 150 a. Using the following, forecast the sales for the months up to January the following year:-i. A simple three month moving average. ii. A three period weighted moving average using weights of 1, 2 and 3. Assign thehighest weight to the most recent data. iii. Exponential Smoothing when α= .6 and the forecast for March is 350.iv. Determine which of the three forecasting technique is the most accurate using MADq10- 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 choice2. Calculate the exponential smoothing forecast for week eight using a=0.2. Week Sales Forecast 1 39 2 44 3 40 4 45 5 38 6 43 7 39 a. 41.63 b. 39.98 c. 40.54 d. 40.03 Instruction: This is consists of one (1) multiple choice question. The question requires deep analysis. Choose the appropriate response for the question. A detailed working out should accompany the responses.
- Question Write a 1000 words report on a case study. You have recently started a new job as a junior operations manager at Pet Kingdom, a pet supplies retailer. You are writing these reports to your line manager, Ms Lionheart, so the appearance and language of your reports need to be professional. CASE STUDY - Forecasting Your line manager, Ms Lionheart, has collected and scrutinised performance data for the company. She was concerned that the inventories were high for certain products which had resulted in significant price reductions and losses for the company. At the same time, the company had run out of stock for other items early in the season resulting in unsatisfied customers and lost sales. Ms Lionheart has concluded that the problem was not with the specific products carried in the stock, but with the quantities ordered by the procurement department for two popular products; Dog Ball Launcher and Lightweight Dog Lead. Dog Ball Launcher is a product carried by the company…QUESTION 1The table below shows the sales figures for a brand of shoe over the last 12 months.Months SalesJanuary 69February 75March 86April 92May 95June 100July 108August 115September 125October 131November 140December 150a. Using the following, forecast the sales for the months up to January the following year:-i. A simple three month moving average. ii. A three period weighted moving average using weights of 1, 2 and 3. Assign thehighest weight to the most recent data. iii. Exponential Smoothing when α= .6 and the forecast for March is 350.iv. Determine which of the three forecasting technique is the most accurate usingMAD. b. The following table shows the number of televisions sold over the last ten years at alocal electronic store.YEAR TV SALES1 1502 3003 4804 6005 6306 6407 7008 8259 90010 980i. Using trend projection, develop a formula to predict sales for years 11 and 12. Youhave to show all working. You will need to develop a table to calculate the slope andthe intercept.…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?