Explain linear regression?
Q: What is the difference between linear and multiple regression?
A: The regression analysis refers to the method that allows the organization to examine the…
Q: How will an exponential smoothing model be reacted to?
A: Exponential Smoothing is a weighted averaging process that uses the previous forecast plus a…
Q: How is the moving average approach equivalent to exponential smoothing?
A: Forecasting is described as predicting future values based on past values, particularly in Time…
Q: Discusshow is moving average approach related to exponential smoothing?
A: Forecasting is the act of estimating future values based on historical data, most notably in the…
Q: QWE Inn has recorded the following number of rooms sold for the first quarter of the year:…
A: Forecasting is the process of prediction in which sales demand is estimated using historic…
Q: Which are the six major reasons to accept Exponential smoothing techniques?
A: The six major reasons to accept Exponential smoothing techniques are:
Q: Explain quantitative forecast methods?
A: The quantitative method of forecasting uses numerical and prior effects to predict the possible…
Q: What is Regression? Explain Logistic Regression?
A: Regression as fancy as it sounds can be thought of as a “relationship” between any two things. For…
Q: The Bayside Fountain Hotel is adjacent to County Coliseum, a 24,000- seat arena that is home to the…
A: A time series method called exponential smoothing forecasting uses an exponentially weighted moving…
Q: What is the fundamental difference between exponential smoothing and a weighted moving average?
A: Forecasting is a method of predicting future events by evaluating data sets quantitatively and…
Q: Explain how is moving average approach related to exponential smoothing?
A: A time series is a sequence of observations which may be ordered in time. Inherent withinside the…
Q: In contrast to causal techniques, what are the fundamental assumptions made when time series…
A: One of the most fundamental assumptions of time series forecasting :
Q: What is the basic difference between a weighted moving average and exponential smoothing?
A: A Weighted moving average is a quantitative prediction technique tool used to foresee the price or…
Q: exponential smoothing
A: name of figure:EXPONENTIAL SMOOTHING
Q: Discuss what are the benefits as a prediction tool over the moving average of exponential smoothing?
A: Exponential smoothing is more adaptable than sliding midpoints in that it allows for easy adjustment…
Q: How is moving average approach related to exponential smoothing?
A: Forecasting is described as the process of anticipating future values based on historical data, most…
Q: Do you think that hard rock cafe makes use of time horizons when forecasting explain with 3 points.
A: The three types of forecasting time horizons are, 1. Long range forecasting: A long range…
Q: Define Exponential Smoothing?
A: Exponential smoothing forecast is a forecasting approach that calculates the weighted averages of…
Q: Discuss what factors must you consider when forecasting the demand of Proton cars in planning future…
A: Various factors that should be considered while forecasting the demand of Proton cars in panning…
Q: How can the Forecast technique be improved?
A: Forecasting is a tool or technique which is used to predict future demand, risk and to analyze the…
Q: Describe how is moving average approach related to exponential smoothing?
A: Forecasting is described as the process of projecting future values using previous data, most…
Q: ccording to data from Jackson and Crockett in 1964, there was less mobility in the United States in…
A: Worker mobility is defined as the movement of workers from one occupation to another for the purpose…
Q: Explain the Simple Linear Regression?
A: Forecasting is used to predict future changes or demand patterns. It involves different approaches…
Q: What are the advantages of exponential smoothing over the moving average and the weighted moving…
A: An exponential moving average (EMA) is an average that gives the most recent data points more weight…
Q: a) Using simple linear regression, the forecast for the number of disk drives to be made next year =…
A: In this question, for each year, I have disk drives data, using the Ms Excel software, I have…
Q: How is a seasonal index computed from a regression line analysis?
A: A seasonal index is defined as the amount of correction/adjustment needed in parameters (Sales.…
Q: How could an exponential smoothing model be made moreresponsive?
A: Exponential smoothing is a model for predicting future events based on past events or trends that is…
Q: Explain how is the moving avarages l approach equivalent to exponential smoothing ?
A: What is Forecasting? It is a technique using historical data to arrive at future points which can be…
Q: What sorts of risks do you see in reliance on the Internet in the use of Collaborative Planning,…
A: Collaborative Planning, Forecasting, and Replenishment is a methodology that expects to upgrade…
Q: The Bayside Fountain Hotel is adjacent to County Coliseum, a 24,000- seat arena that is home to the…
A: Exponential smoothening is a technique that is used to make forecasts based on time series…
Q: Explain how is the moving averages approach equivalent to exponential smoothing?
A: This question is related to the topic Forecasting approaches and this topic falls under the…
Q: What are the disadvantages and advantages of moving average technique and simple exponential…
A: Forecasting is an extremely important & significant part of company planning. It directs to the…
Q: Explain FORECAST ACCURACY?
A: Forecasting is the process of estimating future demand using the present and past data. The demand…
Q: What is the difference between adjusted exponential smoothing and exponential smoothing?
A: Exponential smoothing augments the observation with diminishing weights as it aged. In other word,…
Q: Explain the Linear Regression Analysis?
A: A regression analysis looks to model the relationship between two variables by developing a linear…
Q: a. Using linear regression analysis, what would you estimate demand to be for each month next year?…
A: THE ANSWER IS AS BELOW:
Q: What are the 6 major reason to accept exponential smoothing techniques?
A: The following are six compelling reasons to embrace exponential smoothing techniques:
Q: Develop a linear regression model relating printer sales to computer sales in order to forecast…
A: THE ANSWER IS AS BELOW:
Q: regression analysis to forecast the point at which Swanson needs to “build out” the top two floors…
A: Regression is a tool wherever you want to fit a linear trend line and get an equation with minimum…
Q: What are the advantages as a prediction tool over the moving averages of exponential smoothing?
A: Exponential smoothing is more adaptable than moving midpoints in that changing the assessment of the…
Q: Following data on the demand for sewing machines manufactured by Taylor and Son Co. have been…
A: Forecasting is the process of prediction in which sales demand is estimated using historic…
Q: The number of internal disk drives (in millions) made at a plant in Taiwan during the past 5 years…
A: Regression is a statistical technique used in finance, investing, and other fields to identify the…
Explain linear regression?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Explain the Linear Regression Analysis?