EBK CRAFTING AND EXECUTING STRATEGY: CO
EBK CRAFTING AND EXECUTING STRATEGY: CO
21st Edition
ISBN: 9781259899577
Author: Thompson
Publisher: YUZU
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Question 3 Data collected on patient days in a hospital over the past 12 months are shown in the following table. Month Patient Days January 543 February 528 March 531 April 542 May 558 June 545 July 543 August 550 September 546 October 540 November 535 December 529 a) Using a weight of .50 for the most recent observation, .30 for the second most recent, and .20 for third most recent, compute a three-month weighted moving average for the time series. Compute the MAD, MSE and MPE for this method.( b) Use exponential smoothing with a smoothing constant of 0.30 to forecast the patient days. Assume that last period's forecast for month 1 is equal to actual to begin the procedure. Which method do you think is best? Is this an improvement over the weighted average- use MAD only c) Use regression analysis to estimate the line of best fit -use the manual method with the formulas shown below.(
In many developing countries, the majority of citizens make their living through microenterprises—informal, tiny businesses that barely yield enough to survive. Without financial services, most of these entrepreneurs find growth simply impossible. Professor Muhammad Yunus and the Grameen Bank, established in Bangladesh in 1976, stepped into the gap by providing micro-loans ($50 to $500) to the poorest of the poor entrepreneurs, through village cooperatives that are administered by the people they serve. The Grameen Bank has been amazingly successful at breaking the vicious cycle of poverty for its clients. In 2006, Prof. Muhammad Yunus and Grameen Bank received the Nobel Peace Prize, which sent a message to the world that we cannot have peace if billions live in abject poverty. The Prize Committee credited Prof. Yunus and Grameen Bank for showing “that even the poorest of the poor can work to bring about their own development.”   Check out the Grameen Bank story on the Web at…
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