Given the information below, estimate the probability that the noncritical path B-C-G will take more than 15 weeks. Hint: Subtract from 1.0 the probability that B-C-G will take 15 weeks or less. Refer to the standard normal table. Question Viewer Activity Expected Time (weeks) Variance A 4.0 1.00 B 5.5 0.96 C 4.0 0.15 D 11.5 1.52 E 6.5 2.40 F 8.5 2.55 G 5.0 0.69 The probability that this path will take more than 15 weeks to complete is ☐. (Enter your response rounded to four decimal places.)
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- The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?The owner of a restaurant in Bloomington, Indiana, has recorded sales data for the past 19 years. He has also recorded data on potentially relevant variables. The data are listed in the file P13_17.xlsx. a. Estimate a simple regression equation involving annual sales (the dependent variable) and the size of the population residing within 10 miles of the restaurant (the explanatory variable). Interpret R-square for this regression. b. Add another explanatory variableannual advertising expendituresto the regression equation in part a. Estimate and interpret this expanded equation. How does the R-square value for this multiple regression equation compare to that of the simple regression equation estimated in part a? Explain any difference between the two R-square values. How can you use the adjusted R-squares for a comparison of the two equations? c. Add one more explanatory variable to the multiple regression equation estimated in part b. In particular, estimate and interpret the coefficients of a multiple regression equation that includes the previous years advertising expenditure. How does the inclusion of this third explanatory variable affect the R-square, compared to the corresponding values for the equation of part b? Explain any changes in this value. What does the adjusted R-square for the new equation tell you?In exponential smoothing, if ɑ = 0.3, then the damping factor for use in forecasting should be: * o .70 o .60 o .40 o .50 o .30
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Corporate triple-A bond interest rates for 12 consecutive months are as follows. 9.5 9.4 9.5 9.7 9.8 9.8 9.9 10.6 10.0 9.8 9.7 9.7 (a) Construct a time series plot. What type of pattern exists in the data? The data appear to follow a trend pattern.The data appear to follow a horizontal pattern. The data appear to follow a seasonal pattern.The data appear to follow a cyclical pattern. (b) Develop three-month and four-month moving averages for this time series. (Round your answers to two decimal places.) Month Time SeriesValue 3-Month MovingAverage Forecast 4-Month MovingAverage Forecast 1 9.5 2 9.4 3 9.5 4 9.7 5 9.8 6 9.8 7 9.9 8 10.6 9 10.0 10 9.8 11 9.7 12 9.7 Does the three-month or four-month moving average provide the better forecasts based on MSE? Explain. The four-month moving average provides more accurate forecasts, because its MSE is smaller than that of the three-month moving…I understand the moving average concept but not the weighted moving average and exponential smoothing
- page 4 of 19) - Google Chrome squ.edu.om/mod/quiz/attempt.php?attempt3D1245076&cmid%3663426&page%3D3 earning System (Academic) erations Management || fall20 Quiz stion 4 Mean Absolute Deviation (MAD) is the always the best in assessing a forecast model accuracy yet vered Select one: ked out of O a. True O b. False Hajir lag question 13 Next page 10 19Sales of Volkwagen’s popular Beetle have grown steadily at autodealership in Nevada during the past 5 years (see table below).The sales manager had predicted before the new model wasintroduced that first-year sales would be 410 VWs. Usingexponential smoothing with a weight of α= .30, develop forecastfor years 2 through 6.Year Sales Forecast1 450 4102 4953 5184 5635 5846 ? 2. The following data come from regression line projections:Period Forecast Values Actual values1 410 4062 419 4233 428 4234 435 440 Compute the MAD and MSE.Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Need both b and cExercise # 2 –Calculating MADt, Revised MADt,Error,and the Revised Error :Has the Forecast Improved ? How much has it improved in % terms ? Franklin Henry forecasts demand for an auditing and accounting services group, for an estate planning group ,and a business consulting group.His group forecasts for the preceding six-month(M) period, which were made six months prior to that time, are each based on a level, patternless projection.The following data table shows these forecasts(F) and the actual demand (AD) for each group : Estate Planning Auditing and Accounting Business Consulting (Client –days) (Client –days) (Client –days) M AD F M AD F M AD F 1 120 130 1 260 230 1 120 120 2 80 130…Better if you use excel in the computations. Thank you.