Question: An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: Year 4 years ago 3

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: Year 4 years ago 3 years ago 2 years ago Last year # Sold 10,000 12,000 18,000 20,000 What is the forecast for this year using the last-value forecasting method? Multiple Choice 22.000 20,000

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 Finance Questions!

Please can you help me solve this question : An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold...

Question 37 An operation analyst is forecasting this year's demand for one of his company's Not yet products based on the following historical data: (4 year ago Quantity sold was 10929), answered (3...

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold was 10906), (3 year ago Quantity sold was...

An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data: (4 year ago Quantity sold was 1051), (3 year ago Quantity sold was...

Modile Nr operation analyst is forecasting this year's demand for one of his company's products based on the following historicat data: \table[[VEAR,QUANTIY SOLD],[Four years ago,10,000],[Three years

the president of state university wants to forecast student enrollment for this academic year based on the following historical data 5 years ago enrollment is 15000 , 4 years ago enrollment is 16000...

he dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the following historical data: 4 years ago = 2,000; 3 years ago = 2,200; 2...

The Dean of a faculty wants to forecast student enrolments for this academic year based on the following historical data: (5 years ago enrolment was 13665 ), (4 years ago enrolment was 15613), (3...

Please can you help me solve this question : The Dean of a faculty wants to forecast student enrolments for this academic year based on the following historical data: (5 years ago enrolment was 10133...

Consider the Vasicek model of interest rates. Download daily data on the one-month T-bill rate from the Federal Reserve web site and use these data to estimate Î³, r and Ï. This...

The resistance of the four arms P, Q, R and S in a Wheatstone's bridge are 10 ohm, 30 ohm, 30 ohm and 90 ohm, respectively. The e.m.f. and internal resistance of the cell are 7 volt and 5 ohm...

Module 6 - Taxes and Fraud q , Question 1 2 of 1 5 . Identify which of the following forms of communication the IRS most typically uses to reach out to taxpayers. Phone U . S . Mail Test message...

A company that uses the net method of recording purchases made a purchase of $1,900 with terms of 2/10, n/30. The entry to record the purchase would be: Debit Accounts Payable $1,900; credit...