Question: (a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations? (b) Starting in year 4 and going to

(a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations?

(b) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average. Plot your forecast on the same graph as the original data.
(c) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average with weights of .1, .3, and .6, using .6 for the most recent year. Plot this forecast on the same graph.
(d) As you compare forecasts with the original data, which seems to give the betterresults?

Year 1 2 3 4 5 6 7 89 10 11 Demand 7 9 5 9 13 8 12 13 9 11 7

Step by Step Solution

★★★★★

3.48 Rating (178 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a No the data appear to have no consistent pattern see part d for graph Year 1 2 3 4 5 6 7 8 9 10 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

256-B-M-L-O-M (1416).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

A uniform series of payments begins in year 4 and ends in year 11. If you use the PA factor with n = 8, the P value you get will be located in year: (a) 0 (b) 3 (c) 4 (d) 5

Data Set 4 "Births" in Appendix B lists birth weights from babies born at Albany Medical Center, Bellevue Hospital in New York City, Olean General Hospital, and Strong Memorial Hospital in Rochester,...

4 . 2 Year 1 2 3 4 5 6 7 8 9 1 0 1 1 Demand 7 9 5 9 1 3 8 1 2 1 3 9 1 1 7 Plot the above data on a graph. Do you observe any trend, cycles, or random variations? Starting in year 4 and going to year...

Your new employer, Freeman Software, is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, and the allowed depreciation rates for such...

( 4.25 ( trend line is given as y=5+20x , 4.28, 4.1, and 4.42) 4.25 The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months: Forecast the...

4.2 a) Plot the above data on a graph. Do you observe any trend, cycles, or random variations? b) Starting in year 4 and going to year 12, forecast demand using a 3-year moving average. Plot your...

4.1 The following gives the number of pints of type A blood used at Woodlawn Hospital in the past 6 weeks Week or Pints Used August 31 360 September 7 389 September 14 410 September 21 381 September...

Note: means the problem may be solved with POM for Windows and/or Excel OM. . b) Use a 3-week weighted moving average, with weights of .1,.3, and .6, using .6 for the most recent week. Forecast...

4 . 2 Year 1 2 3 4 5 6 7 8 9 1 0 1 1 Demand 7 9 5 9 1 3 8 1 2 1 3 9 1 1 7 a ) Plot the above data on a graph. Do you observe any trend, cycles, or random variations? b ) Starting in year 4 and going...

The city of Oakmont is interested in developing some lake front property into a sports park (picnic facilities, boat docks, swimming area, etc.). A consultant has estimated that the city would need...

Size of Accounts Receivable wave Runner, inc., has weekly credit sales of $23,000, and the average collection period is 32 days. The cost of production is 80 percent of the selling price. What is the...

10.62 A computer information systems professor is interested in studying the amount of time students in a programming course take to write a small Python program. The professor hires you to analyze...

20. Inflation and Returns You observe that the current interest rate on short-term U.S. Treasury bills is 5 percent. You also read in the newspaper that the GDP deflator, which is a common...

Your campus club is hosting a car wash. Due to demand, three people are going to be scheduled per wash line. (Three people have to wash each vehicle.) Design an activity chart for Washing an drying a...

Design a process chart for printing a short document on a laser printer at an office. Unknown to you, the printer in the hallway is out of paper. The paper is located in a supply room at the other...

If Charlene Brewster has times of 8.4, 8.6, 8.3 8.5, 8.7, and 8.5 and a performance rating of 110%, what is the normal time for this operation? Is she faster or slower than normal?

Lange, Inc. has a new issue of common stock that is expected to pay a dividend of 5.50 per year, indefinitely. The first dividend will be paid one year from today. If you require a return of 5.75...

use finance knowledge and formula Problem #2 (4 marks) Bookers Bakery Limited is taking their company public. Under this firm commitment offering, Bookers Bakery will receive $16.67 from the...

Martin and Sons (M and S) currently Is an all equity firm with 76,000 shares of stock outstanding at a market price of $20 a share. The company's earnings before interest and taxes are $89,000. M and...