A manufacturer uses a moving average to predict how many replacement parts for Part #8119 they should
Question:
A manufacturer uses a moving average to predict how many replacement parts for Part #8119 they should produce per month. Past demand is as follows:
What are the forecasts for month seven using two-, four-, and six-period moving averages? What can we learn from the answers?
Transcribed Image Text:
Month 1 23 m 4 5 6 Demand (units) 302 288 325 401 430 456
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
2period moving average 456 4302 443 units 4period moving average 456 430 401 3254 403 unit...View the full answer
Answered By
Deepak Pal
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The following problem refers to the stock table for ABC Inc. (a tire company) given below. Use the stock table to answer the following questions. Where necessary, round the dollar amounts to the...
-
A vessel is in the form of an inverted cone. Its height is 8 cm and the radius of its top, which is open, is 5 cm. It is filled with water up to the brim. When lead shots, each of which is a sphere...
-
Find the volume obtained by rotating the region bounded by the given curves about the specified axis. 59. y = sin x, x= 1/2, x= m. y = 0: about the x-axis 60. y = tan'x. y = 0, x = 0. x = 7/4: about...
-
8 9:06 A company's Assembly department started processing 41,800 units in June. Production activity in both units and costs for the Assembly department's June activities follows. Beginning work in...
-
Why are mass transfer coefficients from clean drops higher than mass transfer coefficients in dirty systems? What is the practical significance of this?
-
The Olde Yogurt Factory has reduced the price of its popular Mmmm Sundae from $2.25 to $1.75. As a result, the firms daily sales of these sundaes have increased from 1,500/day to 1,800/day. Compute...
-
4. (4 Marks) Champion Breweries must choose between two asset purchases. The annual rate of return and related probabilities given below summarize the firm's analysis. Asset A Rate of Return Asset B...
-
For the coffee maker sales, use the Exponential Smoothing Excel template with a = 0.2 to compute the exponential smoothing forecasts for February through July.
-
ProScript sells writing software that edits and proofs manuscripts. The last six months of data are shown below: Compute MSE, MAD, and MAPE (Equations 9.1 to 9.3) for these data. Month 16 17 18 19 20...
-
Variance analysis, non manufacturing setting Stevie McQueen has run Lightning Car Detailing for the past 10 years. His static budget and actual results or June 2011 are provided below. Stevie has one...
-
plain chocolate is 60% carbohydrates, 35% fat and 5% other components. find the ratio of carbohydrates to fat to other components
-
8 Factor the following completely: 40x + 64x. 5 8 8
-
Vibration Analysis is based on what? 1 . 1 . Cycle / / Inch 2 . 2 . Cycle / / Meter 3 . 3 . Cycle / / Min 4 . 4 . Cycle / / Feet
-
Divide and simplify: (-9+371)(4+3i) =
-
Owen invested $ 1 0 , 0 0 0 on April 9 th into an account earning prime + 0 . 5 % . Prime was 5 % at the time. On June 1 0 th , prime rose by 0 . 2 5 % . Owen decided to withdraw his money on...
-
Would you expect the Poisson distribution to be a good approximation of a. Runners crossing the finish line in the Boston Marathon? b. Arrival times of the students in your OSCM class? c. Arrival...
-
For Problem estimate the change in y for the given change in x. y = f(x), f'(12) = 30, x increases from 12 to 12.2
-
What are the benefits of companies utilizing ERP software in the cloud?
-
Tameka wants you to consider a hybrid aggregate plan, using up to the maximum overtime per employee for any period where demand cannot be satisfied with the current regular-time production and the...
-
Tameka Nicholas believes there must be a better aggregate plan. She has suggested a hybrid plan, using a permanent workforce of 195 employees and subcontracting as needed. Once again, Tameka has...
-
XYZ's stock price and dividend history are as follows: Dividend Paid Beginning-of- Year 2020 Year Price at Year-End $ 120 $ 5 2021 2022 2023 150 110 120 5 5 5 An investor buys three shares of XYZ at...
-
RENTALS They invested too conservatively. ECOURSES V And these pitfalls are magnified when you consider compound interest. Study Tools College Success Tips Career Success Tips ? Help Consider the...
-
We consider a population of cars from a given model year. A sample of 24 such cars has been recently sold. The sale price as a function of the age of the car is in the Excel file Data-AS2.XLSX (Car)...
Study smarter with the SolutionInn App