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Question
You are hired as a consultant to advise a small firm on forecasting methodology. Based on your research you find the company has a MAD of 3. Its wants to have a 99.7 percent control limits on its forecasting system. It's most recent tracking signal value is 15. What should be your report to the company?
A. The forecasting model is operating acceptably
B. The forecasting model is out of control and needs to be corrected
C. The MAD value is incorrect
D. The upper control value is less than 20
E. The company is using an inappropriate forecasting methodology
Answer
This answer is hidden. It contains 1 characters.
Related questions
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When material is ordered from a vendor, which of the following is not a reason for delays in the order arriving on time?
A. Normal variation in shipping time
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C. An unexpected strike at the vendor's plant
D. A lost order
E. Redundant ordering systems
Q:
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Q:
An advantage of the Level strategy for aggregate operations planning is which of the following?
A. Total costs through the entire system are minimized
B. There is a smooth flow throughout the production system
C. There is variety for the workers through the mixing of models produced
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Q:
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When recovering from a defective service encounter a botched task calls for an apology.
Q:
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Q:
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Q:
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A. 9.22
B. 2.33
C. 0.53
D. 2.88
E. 10.39
Q:
Which of the following is a partial measure of productivity?
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C. Output/All resources used
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Q:
The operations and supply strategy framework presented in the textbook includes which of the following enterprise capabilities?
A. Quality
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Q:
What is sometimes humorously referred to as a "gozinto chart"?
A. Assembly drawing
B. Assembly chart
C. Process flowchart
D. Operation and route sheet
E. Organization charts
Q:
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A. Project
B. Workcenter
C. Assembly line
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Q:
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