SCENARIO 16-15-A
You Are the CEO of a Diary Company

question 75

Short Answer

SCENARIO 16-15-A
You are the CEO of a diary company. The total milk production (in gallons) from your company
over the past 30 years are presented below and also contained in the Excel file SCENARIO 16-
15-A.XLSX. $$\begin{array} { l r r r r r r r r r r r } \text { Year } & 1986 & 1987 & 1988 & 1989 & 1990 & 1991 & 1992 & 1993 & 1994 & 1995 \\& 1996 & 1997 & 1998 & 1999 & 2000 & 2001 & 2002 & 2003 & 2004 & 2005 \\& 2006 & 2007 & 2008 & 2009 & 2010 & 2011 & 2012 & 2013 & 2014 & 2015 \\\text { Milk } & 150201 & 172719 & 171357 & 157121 & 155727 & 152974 & 153443 & 158548 & 162614 & 164210 \\\text { Prod } & & & & & & & & & \\& 159127 & 153866 & 165992 & 177843 & 167477 & 163821 & 161700 & 170348 & 174105 & 185103 \\& 184670 & 173385 & 159695 & 173641 & 165706 & 171164 & 168706 & 150684 & 179314 & 163802\end{array}$$ You want to predict your company's future total milk production using the linear trend, quadratic
trend, exponential trend, first-order autoregressive, second-order autoregressive and third-order
autoregressive model.
-Referring to Scenario 16-15-A, what is the exponentially smoothed forecast for 2016 using
a smoothing coefficient of W = 0.5?

Understand the role of management and organizational support in facilitating training transfer.

Grasp the concept of readiness to learn and factors influencing it.

Recognize the importance of management actions before, during, and after training to encourage transfer.

Understand the significance of designing training programs with elements that mimic real-life situations to facilitate transfer.

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Definitions:

Problem-Solving Approach

A methodical process of addressing and finding solutions to complex issues or challenges.

Winner-Take-All Approach

A competitive strategy or situation where the top performer or winner receives all the rewards or benefits.

Shared Training Facilities

Training resources or locations that are used collaboratively by multiple organizations or departments to reduce costs and improve efficiency.

Inter-Unit Conflict

Disagreements or disputes that arise between different units or departments within an organization, potentially affecting its functioning and performance.