Using smoothing constants of 0.6 and 0.9 develop forecasts for the sales of Cool-Man air conditioners. Data
Question:
Using smoothing constants of 0.6 and 0.9 develop forecasts for the sales of Cool-Man air conditioners.
Data from
Sales of Cool-Man air conditioners have grown steadily during the past 5 years:
Transcribed Image Text:
YEAR SALES 450 2 495 518 563 584 6.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Year Sales Forecast Using a 06 Forecast Using a 09 1 450 4...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
Question Posted:
Students also viewed these Statistics questions
-
Sales of Hot-Blast heaters have grown steadily during the past five years, as shown in the following table: YEAR SALES 1 480 2 525 3 548 4 593 5 614 (a) Using exponential smoothing constants of...
-
Refer to Solved Problem 4.1. Using smoothing constants of .6 and .9, develop forecasts for the sales of VW Beetles. What effect did the smoothing constant have on the forecast? Use MAD to determine...
-
Cool Air Inc. currently manufactures room air conditioners in its Chicago and Baton Rouge plants. The company ships its air conditioners to three warehouses in Boston, Tucson, and Denver. As a result...
-
1 of 4 Set 1 UIBS United International Business Schools Class Work Mergers and Acquisitions 1. Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at al market...
-
A bond has 8 years until maturity, carries a coupon rate of 8%, and sells for $1,100. a. What is the current yield on the bond? b. What is the yield to maturity if interest is paid once a year? c....
-
What is a rolling hub and what savings does it provide in comparison with a traditional H&S operation?
-
Explain why the alphabeta procedure will always generate the same answer as Minimax without pruning.Why is it useful?
-
Change in Estimate Mike Crane is an audit senior of a large public accounting firm who has just been assigned to the Frost Corporations annual audit engagement. Frost has been a client of Cranes firm...
-
Joe is a short-order chef and has always dreamed of owning his own burger joint. After years of waiting, the opportunity arrived when he heard that Burgers-R-Us, a national fast food chain, was...
-
Madison Electric Pump Corporation manufactures electric pumps for commercial use. The company produces three models, designated as regular, advanced, and deluxe. The company uses a job-order cost...
-
Sales of Cool-Man air conditioners have grown steadily during the past 5 years: YEAR SALES 1 ...........450 2 ...........495 3 ...........518 4 ...........563 5 ...........584 6 ........... ? The...
-
What effect did the smoothing constant have on the forecast for Cool-Man air conditioners? Which smoothing constant gives the most accurate forecast? Data from Sales of Cool-Man air conditioners have...
-
In 2017, Quapau Products introduced a new line of hot water heaters that carry a one-year warranty against manufacturer's defects. Based on industry experience, warranty costs were expected to...
-
The NASDAQ 100 has a one year forward price of $7,700. The current spot price of the index is $7,500 and the annual continuous dividend yield is 2%. What is the implied repo rate?
-
Power Financial Corp has a current share price os 34$, and a market capitalization of 24$ billion. The company is expected to pay a dividend of 0.37 per share, with a dividend growth rate of 4% per...
-
You have been asked to evaluate an infinitely lived project. Sales in the first year are projected to be $100. Costs are projected at $50. There is no depreciation, and the tax rate is 30%. The real...
-
The risk-free rate is 2.20% and the market risk premium is 6.39%. What will be the expected rate of return for the stock if the beta for the stock is 1.33?
-
Scorch & Burn Fire Extinguishers, Inc. had an operating income (EBIT) of $260,000 last year. The firm had $18,000 in depreciation expenses, $15,000 in interest expenses and $60,000 in selling,...
-
Which method can fill in the blank that would cause the program to consistently print Tie! ten times? A. lock() B. tryLock() C. tryLock(10) D. The code does not compile regardless of what is placed...
-
Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0
-
The electric field due to a unit electric dipole oriented in the \(\mathbf{k}\)-direction is \(\mathbf{E}=abla\left(z / r^{3}ight)\), where \(r=\) \(\left(x^{2}+y^{2}+z^{2}ight)^{1 / 2}\) (Figure...
-
Describe briefly the steps used to develop a forecasting system.
-
What is the difference between a causal model and a time-series model?
-
What are some of the problems and drawbacks of the moving average forecasting model?
-
Ala was prosecuted for murder of his friend Sam. Ala admitted that they had argued and that he had punched Sam, knocking him down. However, when testifying in his own defence, he claimed that the...
-
Going back to this week's recording, revise what you learnt about the doctrine of precedent. In the famous House of Lords case of Donoghue v Stevenson [1932] AC 562, the Court determined that the...
-
Joker invites Batman and Robin to his home for tea. Peter Paralegal who is also attending the meeting, presents a will he prepared. He asks Batman and Robin to be physically present when Joker signs...
Study smarter with the SolutionInn App