Write a short response to each of the following assertions: a. Forecasts are always wrong, so why
Question:
a. Forecasts are always wrong, so why place any emphasis on demand planning?
b. A good forecasting process is too expensive.
c. All we need to do is hire a "quantitative type" to do our forecasting.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
a One response Forecasts may not be right but they improve the odds of being clos...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
For each of the following assertions, state whether it is a legitimate statistical hypothesis and why: a. H: > 100 b. H: = 45 c. H: s .20 d. H: 1/2 < 1 e. H: - = 5 f. H: .01, where l is the...
-
Write out the system of equations that corresponds to each of the following augmented matrices. 4587 2642 0 14 1523 23 3111 52 4315 141 7 122 3 31 245
-
Write each of the following as a linear system in matrix form: (a) (b) 2 5 2 2 122 112
-
Your input file contains sentences. A sentence contains words seperated with one space or more spaces. And a sentence ends with a "." Symbol. Write appropriate lex code to create desired outputs....
-
The kinetic data in the following table were obtained for the reaction of carbon dioxide and water to produce bicarbonate and hydrogen ion catalyzed by carbonic anhydrase: CO2 + H2O HCO-3 + H+ [H....
-
Two compounds, A and B, have the same molecular formula, C6H8. Both A and B react with two molar equivalents of hydrogen in the presence of platinum to yield cyclohexane. Compound A shows three...
-
Asphalt at \(120^{\circ} \mathrm{F}\), considered to be a Newtonian fluid with a viscosity 80,000 times that of water and a specific gravity of 1.09, flows through a pipe of diameter \(2.0...
-
True, False, or Uncertain: If both EBV and Owl have the same GVM, then the value multiple of Owl will be lower than the value multiple of EBV.
-
In the figure, a uniform, upward electric field of magnitude 2.00x 103 N/C has been set up between two horizontal plates by charging the lower plate positively and the upper plate negatively. The...
-
Norr and Caylor established a partnership on January 1, 2019. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000....
-
1. Find an article that describes an application of neural networks to time series forecasting. What method did the authors use, and how successful was it? 2. If you have access to a neural network...
-
1. What process do you think Guy should use after the hour's writing activities have been completed? 2. Is there some other approach that Guy might have tried, given his objectives? 3. Do you think...
-
True or false? a. A 1,000 investment in the market portfolio combined with a 500 investment in the risk-free security will have a CAPM-beta of 2. b. The risk premium on the market portfolio of shares...
-
It is July 30, 2017. The cheapest-to-deliver bond in a September 2017 Treasury bond futures contract is a 13% coupon bond, and delivery is expected to be made on September 30, 2017. Coupon payments...
-
Why is the expected loss to a bank from a default on a swap with a counterparty less than the expected loss from the default on a loan to the counterparty when the loan and swap have the same...
-
Suppose that on October 24, 2016, a company sells one April 2017 live-cattle futures contract. It closes out its position on January 21, 2017. The futures price (per pound) is 151.20 cents when it...
-
A trader buys two July futures contracts on orange juice. Each contract is for the delivery of 15,000 pounds. The current futures price is 120 cents per pound, the initial margin is $6,000 per...
-
One orange juice futures contract is on 15,000 pounds of frozen concentrate. Suppose that in September 2016 a company sells a March 2018 orange juice futures contract for 120 cents per pound. In...
-
If you know that -2 is a zero of f(x) = x + 7x + 4x - 12, explain how to solve the equation x + 7x + 4x 12 = 0.
-
Discrete sample spaces: suppose there are N cable cars in San Francisco, numbered sequentially from 1 to N. You see a cable car at random; it is numbered 203. You wish to estimate N. (See Goodman,...
-
A sociologist claims that the success of students in college (measured by their GPA) is related to their familys income. For a sample of 20 students, the correlation coefficient is 0.40. Using the...
-
For a sample of 32 large U.S. cities, the correlation between the mean number of square feet per office worker and the mean monthly rental rate in the central business district is 2.363. At the .05...
-
The following regression equation was computed from a sample of 20 observations: y = 15 5x SSE was found to be 100 and SS total, 400. a. Determine the standard error of estimate. b. Determine the...
-
A U.S. investor is considering investing $100 million in Fiat stock in Italy. The stock has an expected return of 5% in euros, including the dividend yield, and the investor is forecasting a 3%...
-
Determine "Tyson Food "Company's firmographics, activities, and objectives. Then relate these differences to differences in the organizational cultures of the organizations. or provide detail of any...
-
Wimble Ltd had $400 million of debt outstanding at an interest rate of 9% and $600 million of equity (market value) outstanding. Wimble is subject to a 30% corporate tax rate. What is the amount of...
Study smarter with the SolutionInn App