Consulting income at Kate Walsh Associates for the period FebruaryJuly has been as follows: MONTH INCOME ($1,000S)
Question:
MONTH INCOME ($1,000S)
February ......... 70.0
March .......... 68.5
April ............ 64.8
May ........... 71.7
June ........... 71.3
July ........... 72.8
Use exponential smoothing to forecast August’s income. Assume that the initial forecast for February is $65,000. The smoothing constant selected is
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (19 reviews)
Exponential smoothing with a 01 Month Income Forecast Error Feb 700 650 Marc...View the full answer
Answered By
David Muchemi
I am a professional academic writer with considerable experience in writing business and economic related papers. I have been writing for my clients who reach out to me personally after being recommended to me by satisfied clients.
I have the English language prowess, no grammatical and spelling errors can be found in my work. I double-check for such mistakes before submitting my papers.
I deliver finished work within the stipulated time and without fail. I am a good researcher on any topic especially those perceived to be tough.
I am ready to work on your papers and ensure you receive the highest quality you are looking for. Please hire me to offer my readily available quality service.
Best regards,
4.60+
27+ Reviews
61+ 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
-
The J.J. Bone Company uses exponential smoothing to forecast the average daily call volume at its call center. The forecast for last month was 782, and then the actual value turned out to be 792....
-
The famous Widget Company uses simple exponential smoothing to forecast the demand for its best-selling widgets. The company is considering whether it should use α = .1 or...
-
A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A...
-
Implement a generic Map that supports the put and get operations. The implementation will store a hash table of pairs (key, definition). Figure 5.55 provides the Map specification (minus some...
-
a. Several years ago, Castles in the Sand Inc. issued bonds at face value at a yield to maturity of 7%. Now, with 8 years left until the maturity of the bonds, the company has run into hard times and...
-
The accompanying Major League Baseball data provide data for one season. Complete parts a through c. Click the icon to view the Major League Baseball data. a. Construct and examine the correlation...
-
Blair Company has $\$ 5$ million in total assets. The company's assets are financed with $\$ 1$ million of debt and $\$ 4$ million of common equity. The company's income statement is summarized...
-
Gordon Companys accounting records provided the following changes in account balances and other information for 2016: Additional information: Net income totaled $5,800. Dividends were declared and...
-
At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $170,000. It is expected to have a five-year life and a $30,000 salvage value. Required a. Compute the depreciation...
-
Jessica arranges a display of soup cans as shown. a. List the number of cans in the top row, the second row, the third row, and so on, down to the tenth row. b. Write a recursive formula for the...
-
Using the 911 call data in Problem 5-27, forecast calls for weeks 2 through 25 using = 0.9. Which is best? (Again, assume that actual calls in week 25 were 85 and use an initial forecast of 50...
-
Resolve Problem 5-29 with = 0.3. Using MAD, which smoothing constant provides a better forecast?
-
In 2017, there were 90 million Amazon Prime subscribers in the United States. In 2018, there were 101 million Amazon Prime subscribers in the United States. Draw a bar graph that appears to show a a)...
-
Introduction In this lab, we will create our own class, namely Stat. The information of this class is described in the UML class diagram. Recall what we have learned about the UML (Unified Modeling...
-
While James Craig and his former classmate Paul Dolittle both studied accounting at school, they ended up pursuing careers in professional cake decorating. Their company, Good to Eat (GTE),...
-
At the beginning of March, Carla Vista Software Company had Cash of $11,742, Accounts Receivable of $18,483, Accounts Payable of $4,065, and G. Carla Vista, Capital of $26,160. During the month of...
-
Small Time Dealers purchased goods to the value of R19 000. All the goods were sold within 20 days. It was determined that the following additional expenses should be allocated to this parcel of...
-
7. In the following program there are some syntax errors. Find the errors and write their correct forms (10 p) #include 1 I 2 void main() 38( 4 5 6 7 int a,b; float m n; scanf("%d%d",a,b); 567 (m+n)...
-
Find the area of each shaded region in Problems 1940. (Assume that given measurements are exact, and round approximate answers to the nearest tenth of a square unit.) r = 2 dm
-
Write the binomial probability in words. Then, use a continuity correction to convert the binomial probability to a normal distribution probability. P(x 110)
-
Let \(\mathcal{S}_{1}\) be the closed surface consisting of \(\mathcal{S}\) in Figure 18 together with the unit disk. Find the volume enclosed by \(\mathcal{S}_{1}\), assuming that \[...
-
Sales of industrial vacuum cleaners at R. Lowenthal Supply Co. over the past 13 months are as follows: (a) Using a moving average with three periods, determine the demand for vacuum cleaners for next...
-
Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are as follows for the past 12 weeks: (a) Assuming an initial forecast for week 1 of 17,000 miles, use exponential...
-
Emergency calls to Winter Park, Floridas 911 systems for the past 24 weeks are as follows: (a) Compute the exponentially smoothed forecast of calls for each week. Assume an initial forecast of 50...
-
Write a method (pseudocode) to reverse the queue using another empty queue. You may only use queue operations such as enqueue(), dequeue(), and size(). No other data structure can be used other than...
-
Solve the recurrence relation an = 7an-18an-2-9.2", with initial conditions ao = 5, a = 10. Show all your work.
-
Write an assembly language program that asks the user to enter an integer dollar amount between 1 and 3,000. Your program should display the corresponding class description using the following table....
Study smarter with the SolutionInn App