Devry GSCM 209 Week 2 Quiz Latest

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Devry GSCM 209 Week 2 Quiz Latest

  1. 1.Question : (TCO 1) Gary Puckette, the research and development director at ABC Company, and Steve Gap, ABC’s marketing director, have been asked by General Manger Dick Clark to prepare a cash budget for a new product’s future development.When Gary and Steve select their quantitative forecasting method, on which time horizon should they be focusing on to choose their forecasting method?

Short range

Medium range

Annual

Long range

None of the above

Question 2. Question : (TCOs 1 and 2) Given the following data, calculate the 2-year moving averages for years 5 through 10.

Year Forecast 5 74 6 112 7 116 8 104 9 112 The data for year 9 is missing for calculation of year 10. Suppose, for year 9, it is 95.Then for year 10, the forecast will be 10 104

Instructor Explanation: Chapter 4, Time-Series Forecasting

Question 3. Question : (TCOs 3 and 4) In a regression equation, y = a bx, which is the independent variable?

y

a

b

x

Question 4. Question : (TCOs 3, 4, and 5) A car dealer’s sales (X, in millions of dollars) are related to its profits (Y, in hundreds of thousands of dollars) by the following regression equation:Y = 12.01 0.71 X. What is your forecast of profit for a store with sales of $33 million? What is it for a store with sales of $47 million?

 

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Devry GSCM 209 Week 2 Quiz Latest

Best Devry GSCM 209 Week 2 Quiz Latest

Devry GSCM 209 Week 2 Quiz Latest