The productivity of a factory has been recorded over 10 months, together with forecasts made the previous

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The productivity of a factory has been recorded over 10 months, together with forecasts made the previous month by the production manager, the foreman and the Management Services Department. Compare the accuracy of the three sets offorecasts.

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Quantitative Methods For Business

ISBN: 978-0273739470

5th edition

Authors: Donald Waters

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Question Posted: Sep 20, 2012 12:25 AM

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The productivity of a factory has been recorded over 10 months, together with forecasts made the previous

Question:

Month 12 3 45 6 7 8 9 10 Productivity 22 24 28 27 23 24 20 18 20 2:3 Production 23 26 32 28 20 26 24 16 21 23 manager Foreman 22 28 29 29 24 26 21 2 24 25 Management 21 25 26 27 24 23 20 20 19 24 Services

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The errors are calculated in the following tables These suggest that the Production Manager and For...View the full answer

Quantitative Methods For Business

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