The historical sale for a certain model of a single serve coffee maker in units is: January, 18; February, 21; March, 16; April, 13; May, 17, and June, 20. Using a 2-month moving average, what is the forecast for July? If July experienced a demand of 100, what is the forecast for August?
Answer to relevant QuestionsIn Problem 2, use single exponential smoothing with α = 0.2 and compute the exponential smoothing forecasts for February through July. In Problem 2 The historical sale for a certain model of a single serve coffee maker in ...The monthly sales of a new business software package at a local discount software store were as follows: a. Plot the data and provide insights about the time series. b. Find the best number of weeks to use in a ...Identify at least two other practical examples of a single period inventory model different from those in the book. Interview a manager at a local business about his or her inventory and materials-management system, and prepare a report summarizing its approaches. Does the system use any formal models? Why or why not? How does the manager ...Identify a goods-producing or service-providing organization and discuss how it might make aggregate planning decisions using the variables described in Exhibit 13.3.
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