Match the following attributes ofa city with the appropriate scale ofmeasurements:Attribute(P) Average temperature (°C)of a city(Q) Name of a city(S)(R) Population density of a cityRanking of a city basedon ease of BusinessScale ofMeasurement(I) Interval(II) Ordinal(III) Nominal(IV) RatioWhich one of the followingcombinations is correct?A) (P)-(I), (Q)-(III), (R)-(IV), (S)-(II)B) (P)-(II), (Q)-(I), (R)-(IV), (S)-(III)c) (P)-(II), (Q)-(III), (R)-(IV), (S)-(I)D) (P)-(I), (Q)-(II), (R)-(III), (S)-(IV)

Performance measurement has to be a logical extension of the analysis process. Various key…

Answered: Match the following attributes of a…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows: 1 3,000 2 3,950 3 3,400 Year Mileage a) Using a 2-year moving average, the forecast for year 6 = miles (round your response to the nearest whole number). 4 3,750 5 3,750
part b
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the past 12 months were as follows: a) Use a 2-month moving average on all the data and plot the averages and the prices.b) Use a 3-month moving average a nd add the 3-month plot to the graph created in part (a).c) Which is better (using the mean absolute deviation): the 2-month average or the 3-month average?d) Compute the forecasts for each month using exponential smoothing, with an initial forecast for January of $1.80. Use a = .I, then a = .3, and finally a = .5. Using MAD, whicha is the best?
Suppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Sales (1,000s of gallons) Week 1 17 2 21 3 19 23 5 18 6 16 7 21 8 19 9 23 10 21 11 16 12 23 (a) Using a weight of - for the most recent observation, for the second most recent observation, and - for third most recent observation, compute a three-week weighted moving average for the time series. (Round your answers to two decimal places.) Time Series Value Weighted Moving Average Forecast Week 1. 17 2 21 19 4 23 5 18 6 16 7 21
A hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated distance to be driven next year. The kilometers are driven during the past five years are as follows: year Distance (КМ) 3000 4000 3 3400 3800 3700 A) Forecast the number of kilometers for years 3-6 using an exponential smoothing method (a = 0.1). B) Find the MAD and MSE based on the forecast in part (a). 4.
a. A manufacturing firm manufactures electric motors. The sales during the last four months (starting from the first month) has been: 96, 75, 89, and 68 units. The forecast for the first month was 80 units. Using the exponential smoothing method with a = .70, predict the next moth's sales. Calculate the mean absolute percent deviation for this data and comment on the performance of the forecasting method. b. Using the rule lot size=multiple of 50, determine the planned order releases for each week in the following MRP record. The lead time is 2 weeks. IS
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The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows Year Mileage 1 3,100 2 4,000 3 3,450 4 3,850 5 3,750 a) Using a 2-year moving average, the forecast for year 6 = 3800 miles (round your response to the nearest whole number). b) If a 2-year moving average is used to make the forecast, the MAD based on this = 108.3 miles (round your response to one decimal place). (Hint. You will have only 3 years of matched data.) c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.40 and 0.60 (the weight of 0.60 is for the most recent period) = miles (round your response to the nearest whole number)
Following table shows the monthly sales of X-box consoles at a retail store in Kuwait: Answer the following questions based on the data given above. Show your calculations. a. What is the expected sales for the 8th month based on 3 period moving average? b. What is the expected sales for the 8th month based on exponential smoothing with α =0.2? c. Which of the above two forecasting method is better based on MSE?
Which one of the following lists contains one measure of central location and one measure of dispersion? A. Range and Standard deviation B. Mean and Mode C.median and average D. Mode and Range
QWE Inn has recorded the following number of rooms sold for the first quarter of the year: January 2100 February 2500 March 2550 What is the 3-month moving average forecast of rooms sold equal to for the month April?
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year 1 2 3 4 5 Sales 460 502 520 575 575 a) Forecasted sales for year 6 using the trend projection (linear regression) method are sales (round your response to one decimal place).

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