INDUSTRIAL STATISTICS AND OPERATIONAL MANAGEMENT 6 : FORECASTING TECHNIQUES Dr. Ravi Mahendra Gor Associate Dean ICFAI Business School ICFAI HOuse‚ Nr. GNFC INFO Tower S. G. Road Bodakdev Ahmedabad-380054 Ph.: 079-26858632 (O); 079-26464029 (R); 09825323243 (M) E-mail: ravigor@hotmail.com Contents Introduction Some applications of forecasting Defining forecasting General steps in the forecasting process Qualitative techniques in forecasting Time series methods The Naive Methods Simple Moving
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Skyes and Matza’s theory on the techniques of neutralization was originally channeled towards juvenile delinquency but is also very effective for understanding how police officers excuse‚ justify‚ and rationalize unethical behaviors. Techniques of neutralization are used to maintain a positive self-image: denial of responsibility‚ denial of injury‚ denial of the victim‚ condemnation of condemners‚ and appeals to higher loyalties. Denial of responsibility provides police with a justification for
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job in relaying both messages to each party in need of an interpreter. One way to ensure this is expansion. There are several expansion techniques used by an interpreter to convey the meaning of the hearing person such as; contrasting‚ faceting‚ reiteration‚ explaining by example‚ using 3-D space‚ scaffolding and describe‚ then do. Contrasting technique is used by comparing two things‚ often one that is true and one that is false or visa versa. Research done on “High Context (ASL) v.s. Low
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1. On the managerial incompetence scale we all strive to be competent managers. Truthfully most individuals never become that type of manager. However‚ Kurt Warner did. He is an excellent example of a competent manager. The book’s definition of a competent manager is “Mangers who are good at building teams and getting results through others”. Kurt Warner did this on numerous occasions throughout his career in football. The first example of him being a competent manager comes when Marshall Faulk is
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What’s your real cost of capital? By James J. McNulty‚ Tony D. Yeh‚ William s. Schulze‚ and Michael H. Lubatkin Harvard Business Review‚ October 2002 Issue of the article: valuing investment projects Number of pages: 12 Daniel Miravet Campos Part 1. Executive summary This article is fundamentally based on the exposition of a new method to calculate the cost of capital for a company (MCPM)‚ to meet the inefficiencies of the current one (CAPM). In valuing any investment project or
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Appropriate and Inappropriate Uses of MBTI The MBTI test results can be used in almost every type of work. Employers can use employees results to place the employee based on ability to solve problems‚ communication skills‚ marketing traits and other important factors. The results of these tests are derived from employees’ personal preferences rather than their abilities in order to place them in comfortable environments to increase their productivity. In addition‚ businesses use these MBTI test
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is demonstrated in recent campaigns by right-wing nationalistic groups in Australia and around the world to ‘Ban the Burqa ’. This was a campaign proclaiming to protect and support and empower Islamic women. We argue that in Western discourse there indeed exists a disconnection between women as the subaltern ‘other’ women and their ‘real’ manifestation as the “material subjects of their collective histories” (Mohanty 1984‚ p. 334) because the ‘Ban the Burqa’ campaign lacks historical contextualisation
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Here is a Simple Temperature Display Circuit using LCD ( Liquid Crystal Display ). For Heat Sensor we have used IC LM35 (Precision Centigrade Temperature Sensors ) whose Output voltage is linearly proportional to the Celsius (Centigrade) temperature. Output of LM35 IC is 10mv/degree centigrade for eg if temperature is 35 degree then the output of sensor will be 350mv or 0.35V For working with LCD it is necessary to have Microprocessor. We have used Arduino Controller Board which is AN OPEN-SOURCE
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