SMOOTHING TECHNIQUES Several techniques are available to forecast time-series data that are stationary or that include no significant trend‚ cyclical‚ or seasonal effects. These techniques are often referred to as smoothing techniques because they produce forecasts based on “smoothing out” the irregular fluctuation effects in the time-series data. Three general categories of smoothing techniques are presented here: • Naive forecasting models are simple models in which it is assumed that the
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the past 12 months. The company statistician has reported the mean number of man-hours lost per month but did not keep a record of the total sum. Should the manager order the study repeated to obtain the desired information? Explain your answer clearly. Answer: No--the estimate that he would get using the mean number per month would most likely be accurate enough‚ without having to go to the extra expense of another study. Presumably the mean number of hours lost per month is equal to the
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classification has its own importance. Many costing techniques evolved in due course of time to ascertain the costs of above elements and to facilitate the control of the cost of the product. The main costing techniques that evolved include Absorption Cost Technique‚ Marginal Cost Technique and recently developed Activity Based Costing Technique. The purpose of this paper is to analyse the Absorption Cost Technique and Activity Based Costing Technique and to highlight their basic differences. With
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adaptations of other technologies to the Internet. In large networks there might be multiple paths linking sender and receiver. Information may be switched as it travels through various communication channels. There are three typical switching techniques available for digital traffic. * Circuit Switching * Message Switching * Packet Switching Circuit switching is a
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7 ANALYZING THE AUTHOR’S PURPOSE AND TECHNIQUE T he writer’s overall purpose determines the techniques he or she uses. The writer’s reason for writing a particular article or book may be manipulative‚ as in propaganda or advertising‚ or may be more straightforward‚ as in informative writing. In either case‚ understanding the writer’s underlying purpose will help you interpret the context of the writing. It will also help you see why writers make the decisions they do—from the largest
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Motivational Techniques Motivation‚ everyone who has a desire to succeed in life and in business usually has some form of it. Motivation represents those psychological processes that cause the arousal‚ direction‚ and persistence of voluntary actions that are goal directed (Kreitner & Kinicki‚ 2008‚ p. 210). But one must ask‚ what makes a company successful? Is it the products they make? Is it the marketing they use? Or is it the people that work for the organization that makes them successful? After
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Analytical techniques Introduction * The analysis technique chosen is gas chromatography‚ I’m going to talk about it and I am elected chromatography studies to identify and quantify known materials do. * The principles of gas chromatography * The functions of gas chromatography * Theories of instruments and techniques etc. PRINCIPLES Gas chromatography (GC) was first demonstrated for analysis of liquid in the classic paper by james and martin (1952). It was quickly recognised
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you think you’re going to fail‚ but you were able to reverse the situation and succeed? Can you tell me what you did? (Burleson‚ 2004) This question will assess the candidate’s temperament particularly how he acts under pressure. Moreover‚ the answers provided will also indicate the level of the candidate’s planning‚ organizing‚ leading and controlling skills as solving a dilemma successfully requires a more than average skills in these functions. 2. “Tell me about the most different employee
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APPLICATION: THERAPEUTIC TECHNIQUES AND PROCEDURES The redecision therapy model of the Gouldings (1979) is grounded within the framework of TA theory‚ yet their methods are a combination of TA‚ Gestalt therapy‚ interactive group therapy‚ cognitive behavior therapy‚ family therapy‚ and psychodrama. Realizing the importance of combining the affective and the cognitive dimensions‚ the Gouldings draw heavily from TA theory for cognitive structure‚ and they use Gestalt techniques to provide the
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P1 Checklist Describe how marketing techniques are used to market products in two organisations. Task: You need to investigate Innocence drinks and Tropicana to create a presentation describing which marketing techniques e.g. Market penetration‚ Market development‚ Product development‚ Diversification‚ Branding and Relationship Marketing these companies use to market a particular product‚ you need to select one product/services from each organisation. To achieve P1 your presentation must
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