Cynthias Design Studios had sales the last four months of $13,700, $15,400, $17,100, and $18,800. Sales are

Question:

Cynthia’s Design Studios had sales the last four months of $13,700, $15,400, $17,100, and $18,800. Sales are related to how many designers Cynthia has on-duty. The sales forecast helps her decide on the proper staffing levels.

a. What is the forecast for the fifth month using a two-period moving average?

b. What is the forecast for the fifth month using = 0.9 in an exponential smoothing model with A₄= $18,800 and F₄ = $16,913 to get things started.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations And Supply Chain Management

ISBN: 9780357131695

2nd Edition

Authors: David A. Collier, James R. Evans

See More Books

Question Posted: Feb 18, 2023 02:56 AM

See More Questions

The last four months of sales were 8, 10, 15, and 9 units. The last four forecasts were 5, 6, 11, and 10 units. The Mean Absolute Deviation (MAD) is:
The last four months of sales were 118, 120, 115, and 119 units. The last four forecasts were 115, 116, 121, and 122 units. The Mean Absolute Deviation (MAD) is Select one: a. -2 b. -0.5 c. 3.5 d. 4...
How can an exponential smoothing model be made more responsive?
Find the laurents series f(z)= 1/(z-1)(z-2) (i) |z| <1 (ii) 1 2
A pump spray bottle or atomizer operates by the Bernoulli principle. Explain how this works.
(a) Derive formula (3.2.36) from equations (3.2.14) and (3.2.35). Data From Equations (3.2.14) Data From Equations (3.2.35) (b) Derive formulae (3.2.39) and (3.2.40) from equations (3.2.37) and...
Table B. 11 presents 38 observations on wine quality. a. Select four observations at random from this data set, then delete these observations and fit a model involving only the regressor flavor and...
Eagleton Manufacturing is developing an activity-based costing system to improve overhead cost allocation. One of the first steps in developing the system is to classify the costs of performing...
The following information is available for Blue Corp. for the year ended December 31, 2022: Other revenues and gains. $11,100 Sales revenue $616,000 Other expenses and losses 14,000 Operating...
Nike, Inc.s principal business activity involves the design, development, and worldwide marketing of athletic footwear, apparel, equipment, accessories, and services for serious and recreational...
Ink cartridges for the Burke Model 901 printer the last four weeks are as follows: a. What is the three-week moving average for the fifth week? b. What is the four-week moving average for the fifth...
What is bias in forecasting? Explain the importance of using tracking signals to monitor forecasts.
People often change the form of a promise in an attempt to increase their certainty that courts will enforce it according to its terms. For example, suppose the rich uncle in Example 1 wanted to...
Using the scientific literature as a guide, what would you tell parents who want to know if the routine use of physical punishment is a necessary and acceptable form of child rearing?
How can we adjust to death?
Bandura would rate a person who would make the statement, I know I cant do it as low on ___________ _________.
Why might a test that identifies a disproportionate number of minority group members for special educational services and remedial assistance be considered potentially biased? Isnt the purpose of the...
What are the main reasons behind interest prohibition in Islam?
An ice cream shop estimates that its number of patrons per day is Poisson with mean 19. What is the estimated probability that they have 20 or more customers on a given day?
Find the center of mass of a thin triangular plate bounded by the y-axis and the lines y = x and y = 2 - x if (x, y) = 6x + 3y + 3.
In many developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater educational opportunities for young women could lead...
In many developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater educational opportunities for young women could lead...
International data show a positive correlation between income per person and the health of the population. a. Explain how higher income might cause better health outcomes. b. Explain how better...
Assess the extent to which legal, regulatory and ethical factors can influence options for funding in the UK, and the extent to which legal and regulatory responses to changes in the commercial...
When a corporation records income tax expense, what account is credited? Explain.
Vanderbilt University is currently evaluating a football facility project. This facility renovation would be the biggest renovation to their stadium in nearly 40 years. The Chancellor of the...

Cynthias Design Studios had sales the last four months of $13,700, $15,400, $17,100, and $18,800. Sales are

Question:

Step by Step Answer:

a Fifth month forecast 1...View the full answer

Operations And Supply Chain Management

Students also viewed these Business questions