Sec102Team6FinalReport (2)

Q.1: How forecasting helps in different disciplines of management science? Make a comparison between quantitative forecasting versus qualitative forecasting

Question 3 In this problem we will decompose a naive comparison of averages into a treatment effect and selection bias. Suppose a wine seller has 1000 different wines on offer and decides to advertise half of them. We are asked to assess the effect of advertising on wine sales, and are given last month's sales figures. a) Explain in words why the 'naive' comparison of sales figures may not be informative of the ATE, ATT or ATU. b) What do you need to assume about selection bias for the comparison of sales figures to be informative of the ATE, ATT and ATU? Also write your answer in terms of conditional expectations. c) Can the naive comparison equal the ATE even with selection bias? Explain. d) Assume average sales for advertised wines were $600, whereas non-advertised wines were $800. Assume also that the selection bias in o is -$300 and the selection bias in y, is -$400. Complete the table below and explain your answers. (Note: Half of wines are advertised). Not Advertised Advertised…

Question 1After collecting all those information, David is trying to conceptualize his problem. Supposeyou were David, how you will analysing the problem.You are expected to describe and investigate the problem in a more systematic way, andprovide answers for:• What were the key decisions?• What were the key uncertainties?• What was the timing of decisions?• What was the timing of the resolution of uncertainty?• What data would he need in order to make an intelligent, defensible decision?

subject: Quantitative Analysis For Business Please answer both.  22. Dawn owns a dog day care company that offers kenneling services for dogs that weigh less than 30 pounds. Dawn has decided to expand the building that houses the kennels by 1,000 square feet. A friend suggested that Dawn consider three expansion options: 1) only board dogs under 30 pounds; 2) only board dogs larger than 30 pounds; or 3) split the new space, allocating 50% to dogs under 30 pounds and 50% to dogs over 30 pounds. Expansion Options Strong Economy Weak Economy   Likelihood 40% Likelihood 60% Only dogs under 30 pounds $19,000 increase in revenue $18,000 increase in revenue Only large dogs $22,000 increase in revenue $15,000 increase in revenue Split the space between small and large dogs $20,000 increase in revenue $16,000 increase in revenue Based on the table shown above, which option has the highest expected value? Splitting the space between small and large…

question 10. The forecast was 70 units for the current period while actual demand was 76. The forecast for the next period is 75.8. What's alpha if a simple exponential smoothing forecast methoc being used? 6 OA. 0.097 OB. 0.967 OC. 0.004 OD. 0.040 Mark for review (Will be highlighted on the review page) > LOST LO EAST DONT Review My Answers 18°C Mostly cloudy AENG CERTIFICATE OF TRAMMING TRANSPORTATION OF DANGEROUS GOODS CERTIFICATE DE FORMATION TRANSPORT DES MERCHANDS DANGEREUSES James Purkisarajah Klean or N Save & Exit 75 Advance Blvd Brampton, Onta 2:52 F 2022-18

Question Completion Status: Year 1 2 seconds. Tucson Macninary, Inc. manufacturers numerically controlled macnines (NCMS), which sell for an average price of $0.5 million each. Sales for these NCMS for the past two years were as follows: P Quarter 1 Quarter 2 Quarter 3 Quarter 4 12 18 26 16 16 24 28 18 What season factor would be associated with the fourth quarter? Show the formula you used and how you derived the answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial A Moving to another question will save this response. 10pt hyji 27 描く A Bb toggle_stat... A N IQ5 0 WORDS POWERED BY TINY Question 8 of 19 > >> 1:34 PM 9/30/2022

Q The manager of a fast food restaurant featuring hamburgers is adding salads to the menu. For each of the two new options, the price to the customer will be the same. The MAKE option is to install a salad bar stocked with vegetables, fruits and toppings and let the customer assemble the salad. The salad bar would have to be leased and a part-time employee hired. The manager estimates the fixed cost at $12000 and variable costs totalling $1.5 per salad. The BUY option is to have pre-assembled salads available for sale. They would be purchased from a local supplier at $2 per salad. However, offering pre-assembled salads would require installation and operation of additional refrigeration, with fixed annual cost of $2400.  What is the rational decision if A) the manager expects to sell 25000 salads per year and B) the manager expects to sell 18000 salads

QUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months. Months             SalesJanuary             69February            75March                86April                   92May                    95June                 100July                   108August              115September       125October            131November        140December       150 a. Using the following, forecast the sales for the months up to January the following year:-i. A simple three month moving average. ii. A three period weighted moving average using weights of 1, 2 and 3. Assign thehighest weight to the most recent data. iii. Exponential Smoothing when α= .6 and the forecast for March is 350.iv. Determine which of the three forecasting technique is the most accurate using MAD

Question 4: An HR director is analyzing reports from the past and the present to understand future staffing. Which model is being used by the HR director?a. Judgmental forecastsb. Simple linear regressionc. Multiple linear regressiond. Turnover analysis

Question 1: In what particular situation where a manager needs to evaluate alternative courses of action to come up with a decision?