Short term forecasts - Study guides, Class notes & Summaries

What is Workforce Management? - The process of ensuring that the right staff are at the right place at the right time to handle customer interactions within performance objectives. A Workforce Management strategy typically includes scheduling, skills management, timekeeping and attendance, intraday management, and employee empowerment. What are the four primary activities of Workforce Management? - 1. Forecasting the workload 2. Planning daily and weekly work schedules 3. Managing agent ti...

ECS3706-Econometrics Summary Notes. LEARNING UNIT 1: An overview of regression analysis 1.1 What is econometrics? 1.2 Uses of econometrics 1.3 What is regression analysis? 1.4 A simple example of regression analysis 1.5 Using regression analysis to explain housing prices LEARNING UNIT 2: Ordinary least squares (OLS) 2.1 Estimating single-independent-variable models with OLS 2.2 Estimating multivariate regression models with OLS 2.3 Evaluating the quality of a regression equation 2.4 De...

MGSC Test 2 (CH 8, 9, 10) Practice Study Exam Questions. The goal of aggregate planning is to satisfy demand in a way that minimizes profit. - CORRECT ANSWER FALSE Aggregate planning is a process by which a company determines levels of capacity, production, subcontracting, inventory, stockouts, and even pricing over a specified time horizon. - CORRECT ANSWER TRUE Aggregate planning solves problems involving aggregate decisions rather than stock keeping unit (SKU) level decisions. - CO...

_______________ planning involves generating multiple forecasts and analyzing how to respond in each of those conditions. A. Rolling B. Single-Use C. Scenario D. Standing E. Strategic - Answer-C _____________________ refers to the process by which nations are becoming increasingly similar due to the integration of economic, political, and social systems. A. Myopia B. Demographic Stochastic C. Domestic Integration D. Globalization E. Intergovernmental Cooperation - Answer-D ________...

Forecasting Types correct answers Time Series Casual Subjective Time Series Forecasting correct answers Uses past demand data to predict the future demand Short-term forecasts; a couple weeks in advance Two types of Time Series; Moving Average and Exponential Smoothing Moving Average Model correct answers Time series forecasting model that derives a forecast by taking an average of recent demand values Average 5 of the most recent, then keep dropping the oldest Most common Ex...

Capsim Final Exam Elaboration [100% Correct Answers] 6 Basic Strategies *Ans* 1. Broad Coast Leader 2. Broad Differentiator 3. Niche Cost Leader (Low Technology) 4. Niche Differentiator (High Technology) 5. Cost Leader w/ Product Lifecycle Focus 6. Differentiator w/ Product Lifecycle Focus AP Lag (days) *Ans* - AP lag period in days - 30 days means you on avg wait 30 days b4 you pay your vendors - the longer you delay, the more likely that vendors will withhold parts de...

In Op & SCM, Operations is _______ correct answers internal In Op & SCM, Supply Chain Management is _______ correct answers external what is operations management? correct answers the planning, scheduling, and control of the activities that transform inputs into finished goods and services Is manufacturing tangible or intangible? correct answers tangible are services tangible or intangible? correct answers intangible what is supply chain management? correct answers Active manageme...

ACCT 2102 Test 3 Questions and Answers | Latest Version | 2024/2025 | Rated A+ What is a financial statement analysis? Financial statement analysis involves evaluating a company’s financial statements to assess its performance and make informed decisions. Define "ratio analysis." Ratio analysis is a quantitative method used to compare financial data and assess a company's financial health through various ratios. What does the term "current ratio" measure? The curren...

PGA LEVEL 1 Exam Questions and Answers 100% Verified BUSINESS PLANNING -Answer- Business planning process -Answer-organized plan that clearly describes explicit goals and objectives and strategy for accomplishing them PGA Business Planning Model (5 phases) -Answer-1. Define the business 2. Assess current state of the business 3. Develop business goals, objectives, and strategies 4. Prepare financial forecasts/budgets 5. Monitor performance Long term vs short term -Answer-Long term = 3-...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...