In September 2013, there were 1,035 checking- account customers at a neigh-borhood bank. The forecast for September, which was made in August, was for 1,065 checking- account customers. Use an a of 0.1 to update the forecast for October.
Answer to relevant QuestionsPrepare a spreadsheet model for the ferry passenger data in Table 14.6 , and recal-culate the forecasts using an a of 0.3, a b of 0.1, and a g of 0.2. Has this change in the smoothing constants improved the MAD? For the data in exercise 14.4, use an a of 0.1 and a b of 0.2 to make a forecast for July and August. Calculate the MAD for your January through June forecasts. How would one find values for inventory management costs? Annual demand for the notebook binders that Ted’s Stationery Shop sells is 10,000 units. Ted operates his business on a 200- workday year. The unit cost of a binder is $ 2, and the cost of placing an order with his ...Leapyear Tire is interested in carrying insufficient numbers of budget tires deliberately. If a customer finds a budget tire is not available, a salesperson will try to sell a more expensive substitute tire, but if this ...
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