The process of isolating linear trend and seasonal factors to develop more accurate forecasts is called
A) regression.
B) decomposition.
C) smoothing.
D) monitoring.
E) None of the above
B
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Perfect validity implies perfect reliability
Indicate whether the statement is true or false
Which of the following does not create a specific price level change?
a. change in production technology b. change in the rate of inflation c. changes due to supply and demand d. changes in the number of competing suppliers
Which of the following is NOT a reason entrepreneurs may be more adept at spotting opportunities than non-entrepreneurs?
a. They have access to more information. b. They may be more prone to pursuing risks rather than avoiding them. c. They have a greater tolerance for failure. d. They may possess different cognitive styles from those of non-entrepreneurs.
Enrobe Textiles, Inc., is a small clothing manufacturer that produces men’s polo shirts and pants. The production manager, Zhang Wei, uses two primary resources: sewing machine hours and cutting machine hours. For next month’s production of shirts and pants, Mr. Wei can schedule up to 300 hr of sewing machine time and up to 240 hr of cutting machine time. Production of each polo shirt requires 3.0 hr of sewing time and 1.0 hr of cutting time. Each pair of pants requires 2.0 hr of sewing time and 2.0 hr of cutting time. Based on the analysis of cost and sales figures, Mr. Wei estimates that each polo shirt will yield a profit of $5, and each pair of pants will generate a profit of $7. Given this scenario, what will be the combination of shirts and pants that will yield maximum profits?
A. 30 pants and 105 shirts B. 210 pants and 45 shirts C. 80 pants and 55 shirts D. 120 pants and 185 shirts