Write a Short Note on the Different Influence Tactics as Assessed

question 12

Essay

Write a short note on the different influence tactics as assessed by the IBQ.

Apply exponential smoothing techniques to forecast future values of a time series.

Identify the effects of different smoothing constants on time series forecasts and the speed of reaction to changes in data trends.

Conduct a moving average analysis to smooth time series data and identify patterns.

Differentiate between the use and purpose of exponential smoothing and moving averages.

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Definitions:

Seasonal Workforce

Temporary employment that fluctuates in response to changes in demand for products or services at different times of the year.

Peak Production

The highest level of output a company can achieve within a specific period under normal conditions.

Flexible Work Hours

A work schedule that allows employees to vary their arrival and departure times, and sometimes the location from which they work.

Time Flexibility

The ability to adjust schedules, deadlines, or timelines to accommodate changes in demand, supply, or operational requirements, enhancing responsiveness and efficiency.