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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MANAGEMENT OF EXCHANGE RATE RISK EXPOSURE There are number of ways by which exchange rate risk exposure can be managed: - Natural Hedges - Cash Management - Adjusting of Intracompany accounts - International financing hedges and currency hedges through forward contracts‚ futures contracts‚ currency options and currency swaps NATURAL HEDGE - A hedge (risk reduction action) that occurs naturally as a result of a firm’s normal operations. For example‚ revenue received in a foreign
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The Current Status of 3G and the Future of 4G 3G and 4G are two mobile communications standards that are currently in use. 3G is the third generation of the standard and 4G is the fourth and most recent generation. Each successive generation usually brings new base technologies‚ more network capacity for more data per user‚ and the potential for better voice quality. 3G became available in the United States in 2002 and 4G became available in 2009 (O’Malley). Although it is a previous
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MiniCase 2 Blades‚ Inc. Chap 5 1. If Blades uses call options to hedge its yen payables‚ should it use the call option with the exercise price of $0.00756 or the call option with the exercise price of $0.00792? Describe the tradeoff. 2. Should Blades allow its yen position to be unhedged? Describe the tradeoff. Chap 6 1. Did the intervention effort by the Thai government constitute direct or indirect intervention? Explain. 2. Did the intervention by the
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The Current State of Fitness and Future Trends A paper present to The KSPE Faculty In partial fulfillment Of KSPE 7170 Fall 2007 Contents I. Current State of Fitness p. 3 II. Future Trends of Fitness p. 9 The Current State of Fitness Fitness‚ physical activity‚ and exercise are things that we all here about in today society. There are fitness workout shows on television‚ new diets popping up‚ new pills; new workout exercises that make you look great in “just two
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Forecasting Methods Forecasting demand is not an easy task. The market is constantly changing and it makes the product demand difficult to predict. Therefore‚ there is not such as perfect product forecast of what customers will need in the future. However‚ there are several methods that help attenuating the uncertainty of forecasting demand. Since‚ the forecast methods or techniques differ from one another; the objective is to compare and contrast several forecasting methods‚ and how they are
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as the Practice Improvement Plan (PIP). The PIP will be based around a research proposal to explore a concept to improve the standard of care in which the patient and their family receive. By completing a PIP‚ it will clearly identify a key area within a setting that could be improved‚ which in effect develops the care delivery by the health professionals (Gilsenan‚ 2011). The idea chosen will need to be thoroughly analysed to clearly understand how it can improve the care being received‚ how it will
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International Flow of Funds - Blades PLC Case Study Ben Holt‚ the finance director of Blades plc‚ has decided to counteract the decreasing demand for “Speedos” roller blades by exporting this product to Thailand. Furthermore‚ due to the low cost of rubber and plastic in Southeast Asia‚ Holt has decided to import some of the components needed to manufacture “Speedos” from Thailand. Holt feels that importing rubber and plastic components from Thailand will provide Blades with a cost advantage (the components
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Chapter 7 FORECASTING QUESTIONS & ANSWERS Q7.1 Accurate company sales and profit forecasting requires careful consideration of firm-specific and broader influences. Discuss some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting. Q7.1 ANSWER The better a company can assess future demand‚ the better it can plan its resources. Every corporation is exposed to three types of factors influencing demand: company‚ competitive and
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controversy involving the celebration and glorification of European settlers from the Age of Exploration. Many individuals believe that European settlers such as Columbus did not leave a positive impact on the lives for the Native Americans at this time; this controversial subject has led to a divide between the country‚ and different ethnic groups. In spite of the many controversies that surround this issue‚ European settlers from the Age of Exploration should be celebrated in modern times because of
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