Question: 09. Explain the need for sales forecasting. How are forecasting methods classified? The past data about the load on a machine centre is as given

09. Explain the need for sales forecasting. How

09. Explain the need for sales forecasting. How are forecasting methods classified? The past data about the load on a machine centre is as given below: Month, 1 2 3 4 5 6 7 Load 585 611 656 | 748 | 863 | 914 964 Machine -Hours i. If a five month moving average is used to forecast the next month's demand, compute the forecast of the load on the centre in the 8th month. ii. Computea a weighted three month moving average for the gih month, where the weights are 0.5 for the latest month, 0.3 and 0.2 for the other months

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Muna a Sales manager should also consider and anticipate the sales force turnover of her staff in terms of resignations, retirements, attrition and promotions. What salesforce technique is described?...

3 COLLEGE ALGEBRA - TRIGONOMETRY Business and Finance (MAT115) This course will start with a review of basic algebra (factoring, solving linear equations, and equalities, etc.) and proceed to a study...

Two - Chapter Three (six problems) Due: 11/12 #1 Accountants at the firm Walker and Walker believed that several traveling executives submit unusually high travel vouchers when they return from...

17,18,19 CHAPTER 5. FORECASTING 5-17 Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year mov- ing average...

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

( technology forecasting) can u tell me what method/ model used in this report, need only two. choose from this one https://pdfs.semanticscholar.org/fede/a35685428f15a3a7a32db5b96f232e0dcda3.pdf?_ga=...

For the exclusive use of C. Burgess, 2016. W13377 A-CAT CORP.: FORECASTING Jitendra Sharma wrote this case solely to provide material for class discussion. The author does not intend to illustrate...

ROGERS LTE 10:05 PM 58% Operations Management Sust... age. c) Calculate the mean absolute percent error for the two-day mov- ing average. PX 4.9 Dell uses the CR5 chip in some of its laptop...

Hello, I need help with a homework problem due tomorrow night that I've gotten behind completing. I have attached Course Reading for the week for background information, assignment prompt, and the...

Answer all Questions This individual project is worth 60% of your final grade. The assignment is due on May 15th, 2020. Question 1 (30 Marks) The concept of budgeting has been a long established...

A bellows may be modeled as a deforming wedge-shaped volume as in Fig. P3.31 The check valve on the left (pleated) end is closed during the stroke. If b is the bellows width into the paper, derive an...

a. Which of the following reactions would lead to the formation of an amide? 1. 2. 3. 4. 5. 6. b. For those reactions that do form amides, what could you do to improve either the rate of amide...

7 8 The bonds issued by Unfurled have a face value of $ 1 , 0 0 0 and can be exchanged for 2 0 shares of stock. The stock is selling for $ 4 9 . 4 0 per share. What is the conversion premium? 1...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...