20. Mercado Foundation, aims to help the pandemic front liners of education of Santa Cruz, Occidental Mindoro. In order to know the problems and challenges encountered by the teachers, they scheduled a meeting with LGU Santa Cruz and DepEd Occidental Mindoro. What planning technique did the foundation used? A. Participatory Planning- C. Forecasting B. Scheduling D. Gantt Chart
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- Under what conditions might a firm use multiple forecasting methods?Distinguish between Planning and Forecasting. Answer must briefly.Interpret the MAD of the most accurate among the forecasting models below. A. Naïve approach;B. 5-month SMA model;C. WMA model with weights 0.1, 0.3, and 0.6; orD. ES model with α = 0.5 and a forecast of 3,500 liters in the first month.
- Chapter 14 1. How would you conduct a trend analysis? Provide an example. 2. Explain the three different source of information and forecast assumptions. Chapter 15 3. Explain the four common uses of comparisons that the manager will find helpful. Chapter 16 4. Explain the importance of assumptions when building a budget? Chapter 17 5. Explain the rationale for replacing existing equipment with new equipment.What factors make forecasting at Deckers particularly challenging? Howcan forecasts be made for seasonal, fashionable products for whichthere is no history file? What are the costs of over-forecasting demandfor such items? Under-forecasting?Given below are the demands of a certain product over the past 10 weeks. Week | 1 2 3 4 | 5 67|89 | 10 Demand 50 64 66 68 67 63 69 67 65 66 (a) Forecast the demand for the 13th week using the following techniques: i. 3- week weighted moving average with weights 0.2, 0.3, and 0.5 ii. Exponential smoothing with a smoothing constant equal to 0.85 ii. Adjusted exponential smoothing with a smoothing constant equal to 0.85 and smoothing constant for trend equal to 0.65 (b) Compute for the accuracy of each model using the mean squared error. Based on the computed MSE, what is the best forecasting technique for this time series?
- 1. Explain clearly the differences between forecasting and budgeting. 2. Define the following terms: i. Single-loop feedback. ii. Double-loop Feedback.Forecasting is critical in modern times. Business organizations manifested more concern with anticipating the future, and as a consequence, a number of highly successful consulting firms emerged to provide forecasting help for governments and businesses. You are required: iii. Identify the different levels that forecasting of business trends takes place. iv. Give 3 examples where long-range forecasting can be used v. Do you think forecasting is always correct and accurate? Discuss this assertion in detail9-The approach that uses the organization's current level of employment as the starting point for determining future staffing needs is called the use of predictor variables. Delphi technique. bottom-up approach. zero- base forecasting.
- 7. Tim Hortons is planning to expand a new emarket by opening 6 branches . What are the 2 possible forecasting strategies that this company may implement. * Enter your answerK 2. Setting an advertising budget is a forecasting exercise. What are the fundamental principles that should be adhered to when undertaking forecasting? Be conservative and use the best evidence-based technique available Be innovative and use multiple methods and choose the optimal one Be conservative and use multiple evidence-based techniques, taking the average result Be innovative and use multiple evidence-based techniques, taking the average result1-What is the difference between qualitative forecasting techniques and quantitative forecasting techniques?