Question: 2. (Total 25 points) (a) Determine the forecast for period 6 using 4 period weighted moving average Three weights, such as 0.15, 0.55, and 0.20

2. (Total 25 points) (a) Determine the forecast for period 6 using 4 period weighted moving average Three weights, such as 0.15, 0.55, and 0.20 are given. The sales for the last 5 periods are 95, 75, 155, 85 and 70. (1)(3 points) Compute the fourth weight (11)(15 points) Obtain the forecast for period 6 using 4 period weighted moving average. (b) (7 points) Compute the MAD for the following problem. Period Sales Forecast 1 2 3 4 5 91 110 80 75 113 82 130 75 83 115

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!

Internet addiction has been found to be a widespread problem among university students. A small liberal arts college in Colorado conducted a survey of Internet addiction among its students using the...

- 2 - 2. (Total 25 points) (a) Determine the forecast for period 6 using 4 period weighted moving average Three weights, such as 0.15,0.55, and 0.20 are given. The sales for the last 5 periods are...

(a) Determine the forecast for period 6 using 4 period weighted moving average Three weights, such as 0.15, 0.55, and 0.20 are given . The sales for the last 5 periods are 95, 75, 155, 85 and 70....

Using Data Set E1, what would be the forecast for period 6 using a 3-period weighted moving average? The weights are 0.50, 0.30, 0.20. (Choose the closest answer.) Data Set E1 Period Sales Volume 1...

1. In order to decrease the responsiveness of a forecast made using the exponential smoothing technique, what can we try? Describe with regards to smoothing constant value. 2. While monitoring the...

Given the following data, develop a demand forecast for period 7 using a 4-period weighted moving average, with weights of 0.10, 0.15, 0.30, and 0.45, where 0.45 is used for the most recent week....

Given are three simple linear equations in the format of y = mx + b . Equation 1 : y = 7 , 6 0 5 + 1 . 8 8 xEquation 2 : y = 1 8 , 6 7 8 + 0 . 8 3 xEquation 3 : y = 1 3 , 4 5 6 + 1 . 6 8 x...

MGMT2026 Production and Operations Management Semester II 2024-2025 Question 1 M&H company Itd. sells television sets and has collected monthly sales data (in units) for the past 12 months as shown...

CASE 7.1 Tires for You, Inc Tires for You, Inc. (TFY), founded in 1987, is an automotive repair shop specializing in replacement tires. Located in Altoona, Pennsylvania, TFY has grown successfully...

Using the 3-year weighted moving average with weights 0.15, 0.30, and 0.55, using 0.55 for the most recent period, provide the forecast from periods 4 through 12 (round your responses to two decimal...

Using the 3-year weighted moving average with weights 0 . 1 5 , 0 . 3 0 , and 0 . 5 5 , using 0 . 5 5 for the most recent period, provide the forecast from periods 4 through 12 (round your responses...

If A = {1, 2, 3, 4, 5, 6, 7}, fl = {2, 4, 6, 8, 10, 12}, and f:A B where f = {(1, 2), (2, 6), (3, 6), (4, 8), (5, 6), (6, 8), (7, 12)}, determine the preimage of B1 under f in each of the following...

A real Estate agent wants to construct a 95% confidence interval for the proportion of adults who owns her own home. What sample size is needed so that the confidence interval will have a margin of...

Using the S&P 5 0 0 portfolio as a proxy of the market portfolio: Multiple Choice is appropriate because most U . S . investors are primarily interested in U . S . securities . is inappropriate...

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...