Sales of vacuum cleaners over the past 13 months were as follows: (a) Using a moving average
Question:
Sales of vacuum cleaners over the past 13 months were as follows:
(a) Using a moving average with three periods, predict the demand for vacuum cleaners for next February.
(b) Using a three-period weighted moving average with weights 3, 2, and 1, predict the demand for vacuum cleaners for February.
(c) Evaluate and comment on the accuracy of each of these models.
Transcribed Image Text:
SALES MONTH SALES MONTH January February March April Mlay Juily August September October November 12 12 15 10 12 14 13 15 June December
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
a For January the 3 month moving average is 10 12 143 12 ...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Quantitative Analysis for Management
ISBN: 978-0134543161
13th edition
Authors: Barry Render, Ralph M., Jr. Stair, Michael E. Hanna, Trevor S. Hale
Question Posted:
Students also viewed these Management Leadership questions
-
The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firms short-run cost function for vacuum cleaners using an average variable cost function of the form AVC = a...
-
Clean Sweep Ltd. manufactures several different brands of vacuum cleaners, from hand-held models to built-in central vacuums. It sells its products to distributors on credit, giving customers 30 days...
-
Clean Sweep Ltd. manufactures several different brands of vacuum cleaners from hand-held models to built-in central vacuums. It sells its products to distributers on credit, giving customers 30 days...
-
Assume a portfolio of two assets with the following total value (Al) covariance matrix 1 -0.5 -0.5 1 The sum of the 99% component VaRs of the two assets is:
-
Resolve each force in Problem 40 into its horizontal and vertical components, producing two couples. The algebraic sum of the two component couples equals the resultant couple. Use this result to...
-
In a study of the relationship between household behavior and shopping behavior, data on the following lifestyle statements were obtained on a 7-point scale (1 = disagree, 7 = agree): V1 I would...
-
Consider a shield with an emissivity of \(\epsilon_{\mathrm{s}}\) separating two parallel plates as shown in Fig. 19.11. Assume that the shield is adiabatic and that there is no net loss of heat....
-
Rodgers Corporation reported basic earnings per share of $1.25 for the year ended December 51, 2016. Rodgers had 8,000 shares of cumulative, nonconvertible $100 par, 12% preferred stock outstanding...
-
Frank is usually the first one to arrive at Costco's main warehouse. He primarily builds the work schedules for all the employees in the stock room and manages the performance of the entry-level...
-
The compound methyl-tert butyl ether (MTBE) has been used extensively as a gasoline additive. If 100 kg of this compound were accidentally spilled into a lake over the course of a summer, calculate...
-
Prepare Peg Jones's response to Stephen Ruth. In January 2012, Northern Airlines merged with Southeast Airlines to create the fourth largest U.S. carrier. The new North-South Airline inherited both...
-
The following table provides the Dow Jones Industrial Average (DJIA) opening index value on the first working day of 1994-2013. Develop a trend line and use it to predict the opening DJIA index value...
-
Reverse flows were typically viewed as a nuisance by business organizations. Why? Has this attitude changed? Why?
-
How to response this message; "Numerous components of the office workplace needed to change. Because high-touch tasks that employees must perform in order to arrive at work, such as opening doors and...
-
How to response this message: "I selected an articled called "Performance Management Shouldn't Kill Collaboration." I chose this article because it contains valid points when it comes to customer...
-
What are the specific accounting challenges faced by manufacturing companies? 2. How is inventory accounted for in a manufacturing company? How is the cost of goods sold (COGS) calculated in a...
-
For Human Resources professionals, there are many different regulations in place that are designed to promote fair business practices and protect employees and the employer. During this course...
-
Review and evaluate the PPE disclosure of your Woolworths Australia which may include using annual report 2 0 2 1 : What range of measures is used to determine amounts for these items in the reports...
-
Rewrite Programming Exercise 7.35 . The program reads the words stored in a text file named hangman.txt. Words are delimited by spaces. Write a hangman game that randomly generates a word and prompts...
-
Consider the combustion of methanol below. If 64 grams of methanol reacts with 160 grams of oxygen, what is the CHANGE in volume at STP. 2CH3OH(g) + 3O2(g) 2CO2(g) + 4H2O(1) The volume decreases by...
-
Mysti Farris (see Problem 1-19) is considering raising the selling price of each cue to $50 instead of $40. If this is done while the costs remain the same, what would the new break-even point be?...
-
Mysti Farris (see Problem 1-19) believes that there is a high probability that 120 pool cues can be sold if the selling price is appropriately set. What selling price would cause the break-even point...
-
Mysti Farris (see Problem 1-19) believes that there is a high probability that 120 pool cues can be sold if the selling price is appropriately set. What selling price would cause the break-even point...
-
Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for...
-
Assume that the stock of South Gate Corporations sells for R108 and is expected to increase by a factor of 1.25 or decline by a factor of 0.83 in 10 months. As a portfolio analyst, you find a call...
-
Use the below information to calculate the profit or loss of a short call butterfly spread if the spot price of the underlying asset at maturity is R89.45. June 70 Call costs R1.18 June 70 Put costs...
Study smarter with the SolutionInn App