Questions from General Operations Management


Q: What effect does the value of the smoothing constant have on the

What effect does the value of the smoothing constant have on the weight given to the recent values?

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Q: Explain the value of seasonal indices in forecasting. How are seasonal

Explain the value of seasonal indices in forecasting. How are seasonal patterns different from cyclical patterns?

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Q: Which forecasting technique can place the most emphasis on recent values?

Which forecasting technique can place the most emphasis on recent values? How does it do this?

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Q: In your own words, explain adaptive forecasting.

In your own words, explain adaptive forecasting.

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Q: What is the purpose of a tracking signal?

What is the purpose of a tracking signal?

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Q: Explain, in your own words, the meaning of the correlation

Explain, in your own words, the meaning of the correlation coefficient. Discuss the meaning of a negative value of the correlation coefficient.

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Q: What is the difference between a dependent and an independent variable?

What is the difference between a dependent and an independent variable?

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Q: Give examples of industries that are affected by seasonality. Why would

Give examples of industries that are affected by seasonality. Why would these businesses want to filter out seasonality?

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Q: Give examples of industries in which demand forecasting is dependent on the

Give examples of industries in which demand forecasting is dependent on the demand for other products.

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Q: Three activities are candidates for crashing on a project network for a

Three activities are candidates for crashing on a project network for a large computer installation (all are, of course, critical). Activity details are in the following table: a) What action would...

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