Question Differentiate management information system and decision support system in the following aspects. (i) Staff supported
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Question
Differentiate management information system and decision support system in the following aspects.
(i) Staff supported
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- Question 4: An HR director is analyzing reports from the past and the present to understand future staffing. Which model is being used by the HR director?a. Judgmental forecastsb. Simple linear regressionc. Multiple linear regressiond. Turnover analysisQ.1: How forecasting helps in different disciplines of management science? Make a comparison between quantitative forecasting versus qualitative forecastingQuestion 8 A decision support system is an organized collection of people, procedures, software, databases, and devices used to help make decisions that solve problems. a) Define at least THREE (3) characteristics of a decision support system. b) Explain the comparison between decision support system and management information system in term of problem type.
- What is meant by Resolution time?Question 3 In this problem we will decompose a naive comparison of averages into a treatment effect and selection bias. Suppose a wine seller has 1000 different wines on offer and decides to advertise half of them. We are asked to assess the effect of advertising on wine sales, and are given last month's sales figures. a) Explain in words why the 'naive' comparison of sales figures may not be informative of the ATE, ATT or ATU. b) What do you need to assume about selection bias for the comparison of sales figures to be informative of the ATE, ATT and ATU? Also write your answer in terms of conditional expectations. c) Can the naive comparison equal the ATE even with selection bias? Explain. d) Assume average sales for advertised wines were $600, whereas non-advertised wines were $800. Assume also that the selection bias in o is -$300 and the selection bias in y, is -$400. Complete the table below and explain your answers. (Note: Half of wines are advertised). Not Advertised Advertised…Engineering Management questionWhat may be used as aids in planning
- Operations Management CH 3 QUESTION 22 Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR QUANTITY (UNITS) QUARTER THIS YEAR QUANTITY (UNITS) I 12 I 16 II 18 II 24 III 26 III 28 IV 16 IV 18 a) Find a line using regression in Excel. Note: Round your answers to 3 decimal places. y = ________ + ________ t b)Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places. Period Trend Forecast Seasonal Factors Last Year I Last Year II Last Year III Last Year IV This Year I This Year II This Year III This Year IV This is left blank This is left blank This is left blank c) Forecast sales for next year. Note: Round your answers to 2 decimal places. Period Forecast (Units) Next Year I Next…Question type: Forecasting a b i ii iii iv V The monthly sales for Otter Batteries, Inc., were as follows: Plot the monthly sales data. Forecast January sales of the next year using each of the following: Naive method. A-3month moving average. A 3-month weighted average using .2, .3, and.5, with the heaviest weights applied to the most recent months. Exponential smoothing using an alpha= .5 and a September forecast of 70. A trend projection. X 1 2 3 4 5 6 7 8 9 10 11 12 Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales 30 50 30 66 70 65 60 70 80 99 110 120Question 45 Forecasting is utilized in which of the following areas? A product demand process design (c) new technology D all of the above
- Smith Corporation is using employee data on the length of the employee's commute to the office to forecast the impact on employee retention that a potential return to in person work at the corporate headquarters vs continuting to permit employees to work remotely. Which type of data analytics was being used by Smith Corporation? Question 7 options: a) Descriptive b) Diagnostic c) Predictive d) PrescriptiveBasic managerial functions of HRM are Question 5 options: Planning, organising, staffing Planning, organising and co-ordinating Planning, organising, directing and controlling None of theseSituation 2: The Acme Warehouse Company received a consignment of 20ft lengths of 3in diameter stainless steel pipes. Acme had never handled pipe as part of their warehousing operation. The forklift truck operator assigned to this job used the truck's forks as a ram to load, handle, and unload the pipe. Inspection of the pipe by the owners revealed that the forks were bending and damaging the pipe. Question/s: Suggest several alternative methods for eliminating the problem of pipe damage. From a cost and ease in application standpoint, select one alternative solution for adoption.