STATISTICAL TECHNIQUES IN BUS.+ECON.
18th Edition
ISBN: 9781260239478
Author: Lind
Publisher: RENT MCG
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Question
Chapter 18, Problem 27CE
a.
To determine
To calculate: Five period moving average for the given time series data.
b.
To determine
To calculate: The MAD
c.
To determine
To calculate: The forecast demand for period
d.
To determine
To calculate: The error associated with seventeenth-period forecast.
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A well-known company predominantly makes flat pack furniture for students. Variability with the automated machinery means the wood components are cut with a standard deviation in length of 0.45 mm. After they are cut the components are measured. If their length is more than 1.2 mm from the required length, the components are rejected.
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Chapter 18 Solutions
STATISTICAL TECHNIQUES IN BUS.+ECON.
Ch. 18 - Prob. 1ECh. 18 - Prob. 2ECh. 18 - Prob. 3ECh. 18 - Prob. 4ECh. 18 - Prob. 1SRCh. 18 - Prob. 5ECh. 18 - Prob. 6ECh. 18 - Prob. 7ECh. 18 - Prob. 8ECh. 18 - Prob. 2SR
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