1. For what types of employees or positions do you think management by objectives (MBO) should prove particularly effective? Ineffective?
2. Sales of a particular product (in thousands of dollars) for the years 2005 through 2008 have been 48, 64, 67, and 83, respectively.
a) What sales would you predict for 2009 using a simple four-year moving average?
(b) What sales would you predict for 2009 using a weighted moving average with weights of 0.50 for the immediate preceding year and 0.30, 0.15, and 0.05 for the three years before that?