Homework
For this homework, choose one of the following questions and post your initial response to the Discussion Area by the due date assigned.
Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two of your classmates. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion.
Question I: Forecasting Models and Types of Data
There are different types of forecasting models that can be used in business research. Each model is suitable for a type of historical demand data. Some data may have a trend, may be without a trend, or may be seasonal.
o How can trendless data be evaluated?
o How does a trailing-moving average compare to a centered-moving average?
o When should exponential smoothing be used for data? Explain with an example.
o In exponential smoothing, what type of smoothing constant should be chosen for little smoothing compared with moderate smoothing?
Question II: Research Process
The research process is a well-structured methodology that aids the manager to make an educated business decision. The most important element of this process is the source of data used. The better the data, the better the result. Data must come from a sample that is random and large enough.
o What are the six stages in a research process?
o Which stage is the most difficult to complete? Why?
o Which stage is the most important? Why?
o How important is it to have accurate data?
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.