A manager wants to choose one of two forecasting alternatives.Each alternative was tested using historical data.The resulting forecast errors for the two are shown in the table.Analyze the data and recommend a course of action to the manager.
Definitions:
Resigned Attitude
A psychological state where an individual accepts a situation or condition as inevitable, often with a sense of powerlessness.
Criticisms
The expression of disapproval based on perceived faults or mistakes, or the analysis and judgment of the merits and faults of a literary or artistic work.
Cultural Capital
The non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, and appearance.
Microsociology
The level of analysis that studies face-to-face and small-group interactions in order to understand how they affect the larger patterns and structures of society.
Q17: Graphical sensitivity analysis is used when the
Q23: Reductions in setup time are necessary to
Q33: Matching a competitor on quality or price
Q40: How many recruits would he have to
Q52: The Readylite Company produces a flashlight which
Q58: If customers are homogeneous (similar needs),then separate
Q60: One local hospital has just enough space
Q74: MAD is equal to the square root
Q77: "Autonomation" is the JIT/lean tactic of automating
Q110: Sales for a product have been fairly