1 You have been informed by a key stakeholder that youmust present your activity duration estimates at the nextstatus meeting. He informs you that the director of thecost center funding your project is looking for thehighest degree of accuracy you can provide with theinformation you have available today. Which is the BESTmethod of estimating to use?Select one:a. Parametric estimatingb. Analogous estimatingc. Bottom-up estimatingd. Three-point estimatingExamples of organizational process assets updatesresulting from the Control Schedule process include:Select one:a. Lessons learned, causes of variance and thereasoning behind the corrective actions chosen.b. Revenue achieved from the sale of the project'sproduct.c. New organization charts illustrating theavailable resources for the project.O d. Proposals for follow-up projects.A major delay on any activity not on the critical path mayhave little effect on the overall project schedule, while amuch shorter delay on a critical or near-critical activitymay require immediate action. What should you use tohelp you decide if a schedule variation requirescorrective action?Select one:a. Alternative analysisb. Schedule network analysis during the DevelopSchedule processc. Performance reviews and during the ControlSchedule processd. A corrective action

Project estimation helps in managing the project constraints efficiently as well as effectively and…

You have been informed by a key stakeholder that you must present your activity duration estimates at the next status meeting. He informs you that the director of the cost center funding your project is looking for the highest degree of accuracy you can provide with the information you have available today. Which is the BEST

You have been informed by a key stakeholder that you must present your activity duration estimates at the next status meeting. He informs you that the director of the cost center funding your project is looking for the highest degree of accuracy you can provide with the information you have available today. Which is the BEST

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter8: Time Series Analysis And_forecasting

Section: Chapter Questions

Problem 6P: Consider the following time series data: Construct a time series plot. What type of pattern exists...

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Consider the following time series data: Construct a time series plot. What type of pattern exists in the data? Develop a three-week moving average for this time series. Compute MSE and a forecast for week 7. Use α = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7. Compare the three-week moving average forecast with the exponential smoothing forecast using α = 0.2. Which appears to provide the better forecast based on MSE? Explain. Use trial and error to find a value of the exponential smoothing coefficient α that results in a smaller MSE than what you calculated for α = 0.2.
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