TABLE 16-11
Business Closures in Laramie, Wyoming from 1989 $$\begin{array} { l l } 1993 & 10 \\1994 & 11 \\1995 & 13 \\1996 & 19 \\1997 & 24 \\1998 & 35\end{array}$$

question 138

Short Answer

TABLE 16-11
Business closures in Laramie, Wyoming from 1989 to 1994 were:
$$\begin{array} { l l } 1993 & 10 \\1994 & 11 \\1995 & 13 \\1996 & 19 \\1997 & 24 \\1998 & 35\end{array}$$ Microsoft Excel was used to fit both first-order and second-order autoregressive models, resulting in the following partial outputs:

$\begin{array} { |l c| }\hline\text {SUMMARY OUTPUT-2 nd Order}\\\text {Model}\\&\text {Coefficients}\\ \text { Intercept } & - 5.77 \\ \text { XVariable 1 } & 0.80 \\ \text { XVariable 2 } & 1.14\\\\\text {SUMMARY OUTPUT- 1st Order}\\\text {Model}\\&\text {Coefficients}\\\text {Intercept}&- 4.16\\\underline { \text {X Variable1 }} &1.59\\\hline \end{array}$

-Referring to Table 16-11, the value of the MAD for the first-order autoregressive model is_____

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Definitions:

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Resource Supplies

The availability and allocation of resources (such as raw materials, finances, and labor) necessary for the production of goods and services.

Coordination

Coordination involves the organization and synchronization of activities, tasks, or efforts in a process to ensure smooth and efficient operation or workflow.

Centralization

The accumulation of decision-making power at the uppermost tiers of an organization's structure.