Forecasting_Problem

Forecasting_Problem - You have collected data from the past...

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Forecasting Problem You are the newly hired manager of Simpson’s, Inc., a small company that produces nonwoven fabric. You are currently trying to determine the number of rolls of fabric to produce during the first quarter for Burns & Smithers. Your boss, the ethereal Homer, has mentioned that there is a relationship between the number of rolls ordered and the number of new employees hired during a quarter.
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Unformatted text preview: You have collected data from the past four years (16 quarters) and are currently analyzing it. The data are given in the following table. How many rolls should you produce? Quarter # of new employees # of rolls ordered 1 7 15 2 15 11 3 11 28 4 12 32 5 13 21 6 10 15 7 6 35 8 12 37 9 27 26 10 11 23 11 13 38 12 9 40 13 12 34 14 13 29 15 16 44 16 10 47...
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This note was uploaded on 12/02/2011 for the course QM 670 taught by Professor Dr.keeney during the Fall '11 term at Jefferson College.

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