The monthly sales of a new business software package at a local discount software store were as

Question:

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 moving-average forecast based on MSE.
c. Find the best single exponential smoothing model to forecast these data.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

OM operations management

ISBN: 978-1285451374

5th edition

Authors: David Alan Collier, James R. Evans

See More Books

Question Posted: Sep 17, 2015 02:57 AM

See More Questions

Sales analysis. The rate of change of the monthly sales of a new basketball game is given by S'(t) = 350 1n(t + 1) S(0) = 0 where t is the number of months since the game was released and S(t) is the...
Management of a home appliance store wants to understand the growth pattern of the monthly sales of a new technology device over the past two years. The managers have recorded the relevant data in...
The rate of change of the monthly sales of a newly released football game is given by S'(t) = 500t1/4 S(0) = 0 where t is the number of months since the game was released and S{t)is the number of...
Helium gas is throttled steadily from 500 kPa and 70C. Heat is lost from the helium in the amount of 2.5 kJ/kg to the surroundings at 25C and 100 kPa. If the entropy of the helium increases by 0.25...
Describe the tragedy of the commons in the context of supply chain sustainability. What are some mutually coercive mechanisms that could be implemented to encourage supply chain sustainability?
The following data pertains to the machine shop of an engineering company, relating to the current year. The machine shop has 3 cost centres A, B, and C, each having 3 distinct set of machines. Work...
Discuss the differences among verbal, written, and implied consent.
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a...
Crane Company issued $700000 of 8%, 5-year bonds at 104, Assuming straight-line amortization and annual interest payments, what is the amount of the amortization at each interest payment date?
Use the following adjusted trial balance of Hanson Trucking Company to prepare a classified balance sheet as of December 31, 2020. Account Title Debit Credit $ 13,000 Cash. ..... Accounts receivable...
For the data in Problem 6, find the best single exponential smoothing model by evaluating the MSE for from 0.1 to 0.9, in increments of 0.1. How does this model compare with the best moving average...
Consider the quarterly sales data for Worthington Health Club shown here (also available on the worksheet C11P9 in the OM4 Data Workbook): a. Develop a four-period moving average model and compute...
What guidelines should a salesperson follow for closing the sale?
Explain the concepts of "contango" and "backwardation" in the context of futures markets. Additionally, provide a labeled drawing or diagram illustrating the price structure in each scenario.
What is ethics? Explain definition. What is an ethical dilemma? What is the purpose of the code of ethics? Who established the code of professional conduct for accountants? what is the auditor's...
Accounting Practices for Managers: Thinking about revenue recognition and the matching principal, what are some of the benefits of accrual accounting versus cash accounting for companies when it...
Let f(x)=2x- be a function that describe the graph below. Find k and a.
Explain the importance of using a structured innovation process in an organization to enable innovation.
Consider again the two-way ANOVA hypothesis test described in Problem 26. Recall that the relevant data are given in the file P12_26.XLS. a. A natural gas supplier claims that homes that use gas heat...
In Exercises 1-2, rewrite each verbal statement as an equation. Then decide whether the statement is true or false. Justify your answer. 1. The logarithm of the difference of two numbers is equal to...
1. What suggestions do you have for implementing JIT at Katz? Should specials and standards be produced on the same line? 2. If production of standards and specials is separated, how different will...
1. Identify the pros and cons of a JIT relationship from a suppliers point of view. 2. Identify the pros and cons of a JIT relationship from a buyers point of view. 3. What factors should Dixon and...
1. Identify the pros and cons of a JIT relationship from a suppliers point of view. 2. Identify the pros and cons of a JIT relationship from a buyers point of view. 3. What factors should Dixon and...
A project that is expected to generate annual after-tax cash flows of $2,200 for each of the next 20 years. The project's cost of capital is 8.5 percent and it has an IRR of 9.058 percent. What is...
Gabbie has to decide between the following two choices: Option 1: Get $320 with probability 35.97%, and $84.15 with the complement probability. Option 2: Get $94.95 with 100% probability. Her utility...
Why are unpaid accruals a "temporary" source of cash? Please give some details and examples.

The monthly sales of a new business software package at a local discount software store were as

Question:

Week 23 4 56 7 89 10 Sales 460 415 432 450 488 512 475 502 449 486

Step by Step Answer:

a The time series is relatively stable b Using the E...View the full answer

OM operations management

Students also viewed these Management Leadership questions