Weather forecasting

Most organizations think of Human Resources (HR) as a department that makes employment decisions, strictly administrative functionalities. HR has evolved over the years and has now become more of a strategic partner rather than the sole purpose of recruitment, hiring, and termination. However, when it comes to employment services, the Human Resources department must be well-rounded and knowledgeable in all facets of the process. Human resources is no longer used exclusively for hiring…

Strengths Sometimes it can be difficult to decide yourself what your strengths are. However, I was able to take the Gallup Strength Finder test, and it really helped me with realizing my assets. Some strengths listed really did describe me well, while some others I had a hard time seeing. These skills can be used throughout many things in my life such as school, on the court, and even coaching. I plan to bring these characteristics into my future job, and I plan to continue developing my…

“Regression analysis is a very effective quantitative forecasting technique for short-, medium and long-range time horizons and can be easily updated.[i]” A simple linear regression model is a mathematical relationship between two quantitative variables, i.e. X and Y. Y is the variable we seek to predict based on the other variable X, for which we have information. Regression can predict Scanim’s personnel requirements for inbound operators at varying levels of Chrysler auto sales. In…

Background The oil crisis began in October 1973 when Arab oil producers imposed an embargo. As a result the oil prices rocketed from $3 per barrel to $12 by 1974. This disaster was followed by the second energy crisis in 1979. At that time Pierre Wack (1922-1997) was an unconventional French oil executive who developed the scenario process. His success in scenario planning enabled the Royal Dutch/Shell oil giant to anticipate both of these oil catastrophes. Why scenarios Pierre Wack agreed that…

An Artificial neural network model for risk impacts on cash flow forecast in construction industry Key Words: Risk Factors, Risk Impacts, Model, Artificial Neural Network, Cash Flow Forecast Area of Research Cash flow forecasting is a vital contributing factor in construction industry where lead to the high rate of insolvencies. Risks involved with construction industry play significant role for the variation of forecasted and actual cash flow. Identification of risks and risk assessment are…

In Australia the government requires the testing of students in Years 3, 5, 7 and 9 annually. They are tested on several aspects of English and Mathematics each year in order to assess their strengths and weaknesses in reading, writing, language conventions - such as spelling, grammar, and punctuation - and numeracy. “NAPLAN” stands for National Assessment Program - Literacy and Numeracy. All students take the same test for their individual year level, and each stage/year gets progressively more…

This topic addressed various problems that arise in the business industry and how to resolve problems through choosing the appropriate forecasting model and techniques for a given situation. One major problem could be determining which forecasting model should a new startup company use when they have insufficient data. Another common problem that is faced by large companies involves separating out critical information from other irrelevant data to generate profitable forecasts. Also, deciding on…

I have been in the healthcare arena for more than fifteen years and our text defined, forecasting as “analyzing past revenue and/or cost trends and behavior as well as gather permanent information from sources throughout an organization about any changes in operations and production” (Edinburgh 2011). Health forecasting is very similar, it evaluates or predicts the future in health science conditions. This information is needed to provide aid in facilitating preventive medicine as well as…

Affirming Strengths Essay On strengthsquest.com, I completed the StrengthsQuest assessment and discovered my five themes: Restorative, Input, Developer, Futuristic and Empathy. At first, I was unsure if the results of the assessment would encompass me, but I do feel that I embody a large portion of my themes. In “My Signature Themes”, a downlodable PDF description of my themes, Restorative describes a problem solver- someone who enjoys fixing or reviving things. Initially, I did not see myself…

is much more difficult to estimate the expected sales of each individual product (Novak, 2006) (Stellwagen, 2015). For example, a computer electronics manufacturing firm should forecast the total expected sales of personal computers instead of forecasting the sales of computers with different specifications…