EBK EXCELLENCE IN BUSINESS COMMUNICATIO
11th Edition
ISBN: 9780100665934
Author: BOVEE
Publisher: YUZU
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Chapter 14, Problem 17LOC
Summary Introduction
To determine: The best answer from the given options to prepare for a big presentation for a novice presenter.
Introduction: Capturing business opportunities from customers mainly depend on how we present our ideas. This presentation plays a major role and if the presentation was clear then the client will lose faith towards the organization.
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Chapter 14 Solutions
EBK EXCELLENCE IN BUSINESS COMMUNICATIO
Ch. 14 - Prob. 1CACh. 14 - Prob. 2CACh. 14 - Prob. 1LOCCh. 14 - Prob. 2LOCCh. 14 - Prob. 3LOCCh. 14 - Prob. 4LOCCh. 14 - Prob. 5LOCCh. 14 - Prob. 6LOCCh. 14 - Prob. 7LOCCh. 14 - Prob. 8LOC
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- Scenario You have been given a task to create a demand forecast for the second year of sales of a premium outdoor grill. Accurate forecasts are important for many reasons, including for the company to ensure they have the materials they need to create the products required in a certain period of time. Your objective is to minimize the forecast error, which will be measured using the Mean Absolute Percentage Error (MAPE) with a goal of being below 25%. You have historical monthly sales data for the past year and access to software that provides forecasts based on five different forecasting techniques (Naïve, 3-Month Moving Average, Exponential Smoothing for .2, Exponential Smooth for .5, and Seasonal) to help determine the best forecast for that particular month. Based on the given data, you will identify trends and patterns to create a more accurate forecast. Approach Consider the previous month's forecast to identify which technique is most effective. Use that to forecast the next…arrow_forwardAnswer? ? General Accountingarrow_forwardDon't used Ai solutionarrow_forward
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