Sales of Cool-Man air conditioners have grown steadily during the past 5 years: YEAR SALES 1 ...........450
Question:
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 sales manager had predicted, before the business started, that year 1’s sales would be 410 air conditioners. Using exponential smoothing with a weight of ɑ = 0.30, develop forecasts for years 2 through 6.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
030 Year 1 ...View the full answer
Answered By
Lisper Wanja
I am an experienced and highly motivated writer with a passion for the skills listed. I have a proven track record of my expertise and my aim is to deliver quality, well-detailed and plagiarism free projects. My genuine passion for writing combined with my ongoing professional development through school and research makes me an ideal candidate within for any assignment.
4.90+
233+ Reviews
388+ 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...
-
A company has been using exponential smoothing with an alpha of .2 to forecast weekly truck sales. Given the data below, would a naive forecast have provided greater accuracy? Explain. Assume an...
-
Would you use exponential smoothing with a smoothing constant of 0.3, a 3-year moving average, or a trend to predict the sales of Cool-Man air conditioners?. Data from Sales of Cool-Man air...
-
1. a. b. C. d. e. MULTIPLE CHOICE The ratio percentage of earnings retained is the same as that termed: dividend yield dividend payout 2. a. b. C. d. e. UIBS C. d. e. 4. a. b. C. d. e. Class Work 1...
-
One bond has a coupon rate of 8%, another coupon rate of 12%. Both bonds pay interest annually, have 10-year maturities, and sell at a yield to maturity of 10%. a. If their yields to maturity next...
-
Ignoring overhead for directories and file descriptors, consider a file system in which files are stored in blocks of 16K bytes. For each of the following file sizes, calculate the percentage of...
-
Chase Publishing Company purchased the copyright to a financial textbook for $\$ 25,000$. Although the author thought the book would serve academia for 10 years, the reality is that the typical life...
-
Pool Corporation, Inc., reported in its recent annual report that In 2010, our industry experienced some price deflation. . . . In 2011, our industry experienced more normalized price inflation of...
-
Modern Furnitures was established in 2000. Its products include household and office furniture. It has grown organically with new designs of furniture as well as through acquisition of other...
-
The implementations of the methods addAll, removeAll, retainAll, toArray(), and toArray(T[]) are omitted in the MyList interface. Implement these methods. Test your new MyList class using the code at...
-
Use exponential smoothing with a smoothing constant of 0.3 to forecast the demand for fertilizer given in Problem 5-15. Assume that last period's forecast for year 1 is 5,000 bags to begin the...
-
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: YEAR...
-
Ms. Ray is age 46 and single. Her employer made a $2,895 contribution to her qualified profit-sharing plan account, and she made the maximum contribution to her traditional IRA. Compute her IRA...
-
At the conclusion of her first month of operating Val's Donut Shop, Val computed the following revenue and expense figures: Please use formulas to calculate your answers if one is needed. Week 1 23 3...
-
The highway system for transportation between cities A and B includes two parallel bridges C and D that cross a fault line. In the event of an earthquake on the fault, each bridge will fail if the...
-
Insomniac Corporation manufactures two models of hydration backpacks, a standard and a deluxe model. The following activity and cost data are available from the activity-based costing system: O...
-
Question Data Case for Chapter 11: Optimal Portfolio Choice and the Capital Asset Pricing Model Your manager was so impressed with your work analyzing the return and standard deviations of the 12...
-
The following amounts are available for the year for Bourne Manufacturing Comp Administrative salaries (non-factory) Administrative rent (non-factory) Advertising and promotion expense...
-
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.) 3 m 9 m
-
Find a polar equation for the curve represented by the given Cartesian equation. 4y 2 = x
-
Let \(\mathbf{E}\) be the electric field due to a long, uniformly charged rod of radius \(R\) with charge density \(\delta\) per unit length (Figure 21). By symmetry, we may assume that...
-
In 2009, the New York Yankees won 103 baseball games during the regular season. The table on the next page lists the number of victories (W), the earnedrun average (ERA), and the batting average...
-
The closing stock price for each of two stocks was recorded over a 12-month period. The closing price for the Dow Jones Industrial Average (DJIA) was also recorded over this same time period. These...
-
In January 2008, Northern Airlines merged with Southeast Airlines to create the fourth largest U.S. carrier. The new North-South Airline inherited both an aging fleet of Boeing 727-300 aircraft and...
-
1. Q: What is a firewall rule? 2. Q: What is a binary search algorithm? 3. Q: What is multi-threading? 4. Q: What is a software bug? 5. Q: What is XSS (Cross-Site Scripting)? 6. Q: What is a...
-
1. Q: What is a subnet mask? 2. Q: What is a recursive function in programming? 3. Q: What is version control branching? 4. Q: What is a deadlock in concurrent programming? 5. Q: What is the...
-
1. Q: What is a pointer in programming? 2. Q: What is an algorithm complexity analysis? 3. Q: What is the difference between a stack and a heap in memory management? 4. Q: What is the purpose of an...
Study smarter with the SolutionInn App