MSCI432 Study Guide - Midterm Guide: Msci
16 Oct 2011
School
Department
Course
Professor
Document Summary
Productivity: maximize output for a given amount of input; Learning curve: y(u)= time to produce the uth unit. Capacity additions: d = annual increase in demand; x = Time interval between additions; r = annual discount. Msci 432 cheat sheet rate (comp. continuously); f(y) = operating cost at capacity y; total discounted cost = assuming , then minimized at x that solves . Qualitative methods: executive judgment; historical analogy; delphi method; grass roots; market research; , and . Alternatively, : time series analysis, characteristics: trend, level, seasonality, cycles, evaluation: mse= randomness, auto-correlation. *100: last-value: ft=dt-1, simple moving average ft= , ma with trend: and the forecast is: , weighted moving average: . , and: exponential smoothing: 1 , linear regression: . 1 /2: double exponential smoothing using holt"s method:
