Lightspeed.com.au Edwin Edwards Is a Team Leader for Lightspeed.com.au, an E-Business

question 48

Multiple Choice

Lightspeed.com.au
Edwin Edwards is a team leader for Lightspeed.com.au, an e-business that has employees in every global time zone.Some of the factors that the team has to contend with are deadlines, strong work ethic, creativity-innovation chain, high-speed turnaround and professionalism.As team leader, Edwin sees team members via videoconference only a few times per year or via compressed video via internet a few times more per year.A frustration that he is encountering himself is that he works with all of these people and does not have control over their 'actual' work or the few organisational rules, regulations and policies.Yet, due to the position he is in, he feels he gets all of their complaints.The team does not deal well when a member offers an innovative, 'off-the-wall' solution to a team problem; team members seem to have more trouble with this than any other team-conflict issue.What he likes most about leading the team is that they seem to prefer getting their objective accomplished instead of wasting time trying to decide who should be doing what tasks.
-Refer to Lightspeed.com.au (Scenario) .The part Edwin likes the most is that the team seems to prefer getting their objective accomplished instead of wasting time, which indicates that the team is ________.

• A)tolerant of conflict
• B)an open-system focus team
• C)able to deal with high risk
• D)focused on ends rather than means
• E)has tolerance of the impractical

Differentiate between types of effects (seasonal, cyclical) in time series analysis.

Calculate various forecasting error metrics, including mean absolute deviation (MAD) and root mean square error (RMSE).

Understand the principles of choosing appropriate forecasting models for different time series patterns.

Understand the concept and application of the simple exponential smoothing model in forecasting.

---

Definitions:

SAS Proficiency

The level of skill and expertise in using the Statistical Analysis System (SAS), a software suite developed for advanced analytics, multivariate analyses, business intelligence, data management, and predictive analytics.

Ease Of Learning

The degree to which a new concept, tool, or process can be learned by individuals with relative ease, often considered in educational and usability contexts.

Column Proportion

The ratio of a particular value's frequency to the total number of data points in its column within a table.

Somewhat Proficient

Describes a level of skill or competence that is moderate or satisfactory but not complete or expert.