Assume exponential, trend and seasonal smoothing constants to be .30,.10, and .20 respectively. Also assume that...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assume exponential, trend and seasonal smoothing constants to be .30,.10, and .20 respectively. Also assume that level and trend predicted for the last quarter of 2021 are 100 and 5 respectively. Forecast the demand for the 2022. b) 9 pts. If actual demand during the 1st quarter of 2022 is 105, find the updated seasonality index, level and trend for 1st quarter 2022 c) 6 pts. forecast demand for the second quarter of 2022 and for the second quarter 2022. d) 5 pts. Would it be reasonable to use the EOQ to determine demand structure for this item? Justify your answer. demand quarter 1 2 3 4 demand 2020 100 80 90 85 seasonal 2021 110 85 100 90 index 1.400 .600 1.200 0.800 Assume exponential, trend and seasonal smoothing constants to be .30,.10, and .20 respectively. Also assume that level and trend predicted for the last quarter of 2021 are 100 and 5 respectively. Forecast the demand for the 2022. b) 9 pts. If actual demand during the 1st quarter of 2022 is 105, find the updated seasonality index, level and trend for 1st quarter 2022 c) 6 pts. forecast demand for the second quarter of 2022 and for the second quarter 2022. d) 5 pts. Would it be reasonable to use the EOQ to determine demand structure for this item? Justify your answer. demand quarter 1 2 3 4 demand 2020 100 80 90 85 seasonal 2021 110 85 100 90 index 1.400 .600 1.200 0.800
Expert Answer:
Answer rating: 100% (QA)
Assume exponential trend and seasonal smoothing constants to be 3010 and 20 respectively Also assume that level and trend predicted for the last quart... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these business writing questions
-
The data in Table P-14 are weekly automobile accident counts for the years 2006 and 2007 in Havana County. Determine the appropriate ARIMA model, and forecast accidents for the 91st week. Comment on...
-
Use the accompanying graph to answer the questions that follow. a. Suppose this monopolist is unregulated.(1) What price will the firm charge to maximize its profits?(2) What is the level of consumer...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Role-play a human resources manager trying to convince the company CEO and two of his executives (role-played by three students) that introducing some of the rewards discussed in the case opening is...
-
When might an auditor issue a disclaimer on financial statements?
-
Write a correct name for each of the following compounds: a. b. CH3NHCH2CH2CH3 c. (CH3CH2)2NCH3 d. (CH3)4N+ Cl- e. CH3CH(OH)CH(NH2)CH3 f. g. h. i. j. H2N(CH2)6NH2 Cl NH2 Cl 0
-
Dearborn Manufacturing Co. completed the following transactions during 2009 . Requirement Record the transactions in Dearborn's general journal. Jan. 16 Declared a cash dividend on the 4%, $100 par...
-
The copy center at the college of business at State University has become an increasingly contentious item among the college administrators. The department heads have complained to the associate dean...
-
Looking at it from a validity standpoint, why are some biodata questions stronger predictors of performance than others?
-
Lisbon Company SA lost 70% of its inventory in a fire on March 25, 2017. The accounting records showed the following gross profit data for February and March. Lisbon Company is fully insured for fire...
-
Find the area of the region that is bounded above by the curve f(x) = (x + 9) and the line g(x) = -x- 7 and bounded below by the x-axis. Enter your answer as an exact answer.
-
Im on the board of directors of the B. Phillips Corporation, and the company has announced its plan to pay dividends of \($550,000\). Presently, there are 275,000 shares outstanding, and the earnings...
-
For the following true/false statements regarding concepts and uses of simple linear regression analysis, indicate whether the statement is true or false and specify what will correct a false...
-
I own 8 percent of the Standlee Corporations 30,000 shares of common stock, which most recently traded for a price of $98 per share. The company has since declared its plans to engage in a 2-for-1...
-
A 1.0-m-diameter bed used for absorption of ammonia with pure water at 298 K 298 K is packed with 25 m m 25 m m plastic Intalox saddles. Calculate the minimum water flow rate, in k g / s k g / s ,...
-
Does C remember the size of any array?
-
Check all that applies to a function in Python programming? Select one or more: a. an object which represents a block of code b. a reusable entity. c. brings modularity to a program Od. there are two...
-
Extend Algorithms 3.4 and 3.5 to include as output the first and second derivatives of the spline at the nodes.
-
Refer to the data for AnimPix, Inc., in Problem 8-26. In addition, the company has provided the following details concerning its activity rates: Management has provided the following ease of...
-
Mountain Gearing Company has incurred the following costs on Job ES34, an order for 40 gearing wheels to be delivered at the end of next month. Direct materials: On March 5, requisition number 870...
-
Arbon Company has three service departments and two operating departments. Selected data concerning the five departments are presented below: The company allocates service department costs by the...
-
In reviewing subsequent events, the auditor reviewed a number of sales transactions that raised serious concerns in relation to the recorded value of stocks. The auditor believes that stock should be...
-
The auditor concludes that there is a material inconsistency in the other information in an annual report to shareholders containing audited financial statements. If the auditor concludes that the...
-
You have accepted an appointment to audit the financial statements of Hippo Ltd for the year ended 31 December 20X1. The financial statements of the company for the year ended 31 December 20X0 were...
Study smarter with the SolutionInn App