Question: A manufacturing area needs to forecast work hours. The data for several months is supplied below. Be careful since the data is listed beginning with

A manufacturing area needs to forecast work hours. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used here is exponential smoothing with trend given a smoothing constant (alpha) of 0.37, a trend smoothing constant (delta) of 0.56, a previous trend amount of 137, and a previous forecast of 1682. Please round your forecast to the nearest whole number.

Apr 2021: 1956 Mar 2021: 1561 Feb 2021: 1059 Jan 2021: 1519 Dec 2020: 1217 Nov 2020: 1520
Oct 2020: 1473 Sep 2020: 1344 Aug 2020: 1350 Jul 2020: 1115 Jun 2020: 1350 May 2020: 1536
Apr 2020: 1854 Mar 2020: 1018 Feb 2020: 1030 Jan 2020: 1976 Dec 2019: 1649 Nov 2019: 1845
Oct 2019: 1305 Sep 2019: 1830 Aug 2019: 1632 Jul 2019: 1985 Jun 2019: 1470 May 2019: 1556
Apr 2019: 1913 Mar 2019: 1238 Feb 2019: 1720 Jan 2019: 1999 Dec 2018: 1771 Nov 2018: 1731
Oct 2018: 1688 Sep 2018: 1726 Aug 2018: 1291 Jul 2018: 1747

Please enter your forecast here ____

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!

Q:

The marketing department needs to forecast advertising spending. The data for several months in supplied below. Be careful since the data is listed beginning with the most recent. The forecasting...

Q:

The marketing department needs to forecast advertising spending The data for several months is supplied below. Be careful since the data is listed beginning with the most recent The forecasting...

Q:

A manufacturing area needs to forecast workhours. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used...

Q:

The human resources department seeds to forecast the number of employees at a site. The data for several months is supplied below. Beside each of the actual numbers in black, the forecast 1 is...

Q:

A manufacturing area needs to forecast the number of special orders. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting...

Q:

A manufacturing area needs to forecast the barrels of patroleum distillate that will be used. The data for several months is supplied below. Be careful since the data is listed beginning with the...

Q:

A manufacturing area needs to forecast the barrels of patroleum distillate that will be used. The data for several months is supplied below. Be careful since the data is listed beginning with the...

Q:

A manufacturing area needs to forecast the wumber of special orders. The data for several months is supplied below. Be careful stace the data is listed beginning with the most recent. The forecasting...

Q:

A manufacturing area needs to forecast workhours. This is a slightly different project. The data for several months is supplied below. Beside each of the actual numbers in black, the forecast is...

Q:

The information technology department sreds to forecast spending on cyber security. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent....

Q:

In the 1990s, it was generally believed that genetic abnormalities affected about 6% of a large nation's children. Some people believe that the increase in the number of chemicals in the environment...

Q:

File IntList.java contains definitions for a linked list ofintegers. The class contains an inner class IntNode that holdsinformation for a single node in the list (a node has a value and areference...

Q:

Which of the following statements is true when the interest rate approach zero both the future value and present value of an ordinary annuity approach the amount that equals the annuity payment times...

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...