Chapter FORECASTING Discussion Questions 1. Qualitative models incorporate subjective factors into the forecasting model. Qualitative models are useful when subjective factors are important. When quantitative data are difficult to obtain‚ qualitative models may be appropriate. 2. Approaches are qualitative and quantitative. Qualitative is relatively subjective; quantitative uses numeric models. 3. Short-range (under 3 months)‚ medium-range (3 months to 3 years)‚ and long-range (over
Premium Exponential smoothing
Group think. This week’s reading addressed some interesting points‚ but in several of those points overlooked a crucial aspect. What was overlooked was that in several of the groups talked about the leader of the group had unquestionable power. The question I would pose is how groups would overcome the groupthink mentality when they have to please appease the ideas of a single individual. In the reading the examples that were used involved the President of the United States and his cabinet members
Premium United States President of the United States United States Constitution
Frankenstein received a letter one day which informed him of his younger brother William’s murder‚ and immediately suspected that he was responsible‚ for he was the creator of the hideous monster. A friend of the family named Justine Moritz was the "presumed" murderer‚ and Frankenstein was determined to prove her innocent. Circumstantial evidence‚ however‚ led the courts to believe Justine guilty‚ because found in her pocket was a photograph which had belonged to William. Justine
Premium
Sirius Satellite Radio‚ Inc. SITUATION ANALYSIS COMPANY BACKGROUND SIRIUS Satellite Radio was incorporated on May 17‚ 1990 as Satellite CD Radio Inc. On November 18th 1999 the company changed their name to SIRIUS Satellite Radio Inc‚ which is the name under which the FCC license to distribute satellite radio was given to. SIRIUS Satellite radio currently offers over 100 of music‚ news‚ sports‚ talk‚ entertainment‚ traffic‚ weather‚ and children’s programming to subscribers throughout the United
Premium
article titled‚ “Diagnostic Categories or Dimensions? A Question for the Diagnostic and Statistical Manual of Mental Disorders—Fifth Edition‚ ” by Thomas A. Widiger and Douglas B. Samuel of the University of Kentucky‚ I realized that the categorical approach does have some flaws‚ but the dimensional approach is not perfect either. Authors Widiger and Samuel believe that the dimensional approach‚ which classifies by disorders by differing in degrees. An example of this would be saying a person is
Premium Patient Health care Medicine
threat to the overall development of e-commerce was serious—so much that online security expenditures were expected to double to $30 billion in 2004” (Computer Crime – Definitions). The four most common categories of computer crimes are infrastructure attacks‚ technological facilitation‚ information attacks‚ and promotion. Due to cyber-attacks on critical infrastructure companies being on the rise‚ I believe this presents the greatest threat at the present time. It allows damage to be done to services
Premium Crime Police September 11 attacks
Examples of Competencies A competency is a quality that a company believes is desirable for its employees to have. Competencies can be global or specific. Global competencies are broad in nature‚ and are qualities that all employees within an organization should have. Specific competencies are qualities that are exclusive to a position or field within the organization. Competency Skills Most job-seekers wish they could unlock the secret formula to winning the hearts and minds of employers. What
Premium Employment Skill Competence
From 1848 to 1891‚ the government of the United States and its army were tasked to secure the nation’s expansion into newly acquired territories west of the Mississippi River. Even during the Civil War years‚ the western frontier and those citizens intending to settle those areas compelled attention and protection from the government and the army. Yet‚ the United States government never clearly formulated a doctrine for handling the population already living in the new territories‚ the American
Premium American Civil War United States Abraham Lincoln
managerial hierarchy; Sixteen Acres Garden Center‚ there are three categories of managers. Each assigned with responsibilities that are required for the work place to be a happy one‚ they are all equally important roles in the business as a whole. One of the three managers at Sixteen Acres Garden Center is the retail manager‚ Pete. As the retail manager he is responsible for many different things that occur usually inside the store‚ which is located more towards the front of the Garden Center. In the
Premium Management Plant Evergreen
Korea in 1970? And what was it about? After Korean war ended in 1953‚ people in Korea lost many things; for example‚ houses were destroyed‚ properties such as livestock were lost‚ and families were scattered. The outbreaks of the Korean War led to chilling effect on people. In April 22‚ 1970‚ President Park Jung Hee had a conference with the government leaders in Korea and they laid out a plan called Saemaul movement. The movement resulted in three ways: all the villages recovered quickly‚ citizen
Premium South Korea Korean War