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ScantronAssignment4-R07

ScantronAssignment4-R07 - MGMT 3100 HOMEWORK ASSIGNMENT#4...

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MGMT 3100 HOMEWORK ASSIGNMENT #4 NOTE1: Questions 1-50 = 3 points each, Questions 51-100 = 7 points each NOTE2: YOU ONLY NEED TO TURN IN YOUR SCANTRONS FOR THIS ONE PROBLEM 1 Consider problem 13.2 i n the book (page 637). *Question 1. The forecast for next month by the “last-value” method in whole numbers is about: a) 15 b) 13 c) 14 d) 16 e) none of the above *Question 2. The forecast for next month by the “averaging” method in whole numbers is about: *Question 3. The forecast for next month by the “moving averages” method with the 3 most recent months considered in whole numbers is about: PROBLEM 2 Consider problem 13.17 i n the book (page 640). **Question 51. If Ben had used the “last-value” method all along to forecast his sales starting with February approximately what would have been the MSE of his forecasts for the last 11 months of the year? **Question 52 If Ben had used the “average” method instead what would have been the MSE? a) 11.1 b) 30.6 c) 5.18 d) 24.3 e) none of the above **Question 53. If Ben had used the “moving-average” method with 3 months averaging instead, what would have been the MSE? *Question 4. Using the MSEs you calculated which one you think is a better method? a) last-value b) averaging c) moving-averages with 3 months PROBLEM 3 2-1

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Download the Problem3.xls file from Blackboard. It contains 10 years of Quarterly Shipment data (in millions of units) of a certain seasonal product. First of all calculate the
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