Demand history for the past three years is shown below, along with the seasonal indices for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Demand history for the past three years is shown below, along with the seasonal indices for each quarter. Seasonal Index 1.196 Year Year 1 Year 2 Year 3 Quarter Q1 Q2 Q3 04 Q1 Q2 PONEDEN Q3 04 Q1 Q2 Q3 Q4 Demand 825 794 524 439 801 875 612 509 766 787 541 524 1.203 0.839 0.736 1.196 1.203 0.839 0.736 1.196 1.203 0.839 0.736 Do not round intermediate calculations. Round your answer to the nearest whole number. Use exponential smoothing with alpha (a) = 0.35 and an initial forecast of 666 along with seasonality to calculate the Q1, 2020 forecast. Demand history for the past three years is shown below, along with the seasonal indices for each quarter. Seasonal Index 1.196 Year Year 1 Year 2 Year 3 Quarter Q1 Q2 Q3 04 Q1 Q2 PONEDEN Q3 04 Q1 Q2 Q3 Q4 Demand 825 794 524 439 801 875 612 509 766 787 541 524 1.203 0.839 0.736 1.196 1.203 0.839 0.736 1.196 1.203 0.839 0.736 Do not round intermediate calculations. Round your answer to the nearest whole number. Use exponential smoothing with alpha (a) = 0.35 and an initial forecast of 666 along with seasonality to calculate the Q1, 2020 forecast.
Expert Answer:
Answer rating: 100% (QA)
Step 1 A seasonal index is an index value assigned to each perio... View the full answer
Related Book For
An introduction to management science quantitative approaches to decision making
ISBN: 978-1111532222
13th edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
Posted Date:
Students also viewed these general management questions
-
A product has the following demand history for the past six months: January.............................. 212 February............................. 201 March................................ 242...
-
The company reports the following data for the past three years Compute the allowance for bad debts as a percentage of accounts receivable and evaluate the quality of accounts receivable over the...
-
DFG Clocks has the following demand history for the past six months: January................................54 February..............................62 March.................................74...
-
0 The initial substitution of x = a yields the form Simplify the function algebraically, or use a table or 0 graph to determine the limit. When necessary, state "DNE". x + 4x-5 x - 1 Step 1: Factor...
-
Multiple Choice Questions The following questions deal with tests of details of balances and analytical procedures for inventory. Choose the best response. a. Which of the following procedures is the...
-
Compare investment alternatives. Two acquaintances have approached you about investing in business activities in which each is involved. Nateisha is seeking $2,800 and Tian needs $3,600. One year...
-
The financial statements of Gibson Corporation for the first two years of operations reflected the following amounts. Assume a tax rate of \(25 \%\) for 2020 and 2021. Estimates of future earnings at...
-
List in columnar form the transactions and the accounts debited and credited to reflect the flow of costs through a process cost accounting system for the: 1. purchase of materials and supplies, on...
-
Bella, Inc. manufactures two kinds of bags??totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated ove...
-
Thompson Distributors packages and distributes industrial supplies. A standard shipment can be packaged in a class A container, a class K container, or a class T container. A single class A container...
-
Your bank pays 5% interest on the smallest balance on deposit for the interest period. Interest is calculated quarterly and added to your account on January 2, April 1, July 1, and October 1. You...
-
What is self-excited vibration?
-
Why is viscous damping used in most cases rather than other types of damping?
-
If the characteristic roots have a zero imaginary part, the response of the system will be: a. oscillatory b. nonoscillatory c. steady
-
What is the difference between the peak amplitude and the resonant amplitude?
-
The frequency of oscillation of the response of a system will be higher if the imaginary part of the roots is: a. smaller b. zero c. larger
-
1 Identify the psychological perspective that is best described by each item, and then select the number of your choice next to the item. The perspectives below wi be used more than once. W 1...
-
Using the theoretical sampling strategy, how many samples of size 4 (n = 4) can be drawn from a population of size: (a) N = 5? (b) N = 8? (c) N = 16? (d) N = 50?
-
A woman considering the purchase of a custom sound stereo system for her car looked at three different systems (A, B, and C), which varied in terms of price, sound quality, and FM reception. The...
-
The Nielsen ratings (percentage of U.S. households that tuned in) for the Masters golf tournament from 1997 through 2008 follow (Golf Magazine, January 2009): Year Rating 1997 ............ 11.2 1998...
-
One advantage of using the multicriteria decision-making methods presented in this chapter is that the criteria weights and the decision alternative ratings may be modified to reflect the unique...
-
You are to draw up a consolidated balance sheet as at 31 December 2005 from the following: At the balance sheet date, Son 1 owed Pa and Mum 2,500 and Son 2 1,100, and Pa and Mum owed Son 2 2,100. Pa...
-
You are presented with the following information from the Seneley group of companies for the year to 30 September 2006: Additional information: (a) The authorised, issued and fully paid share capital...
-
Prepare a consolidated balance sheet from the following details as at 31 March 2003. At the balance sheet date, Filho B owed Filho A 3,000 and Pops for Filhos owed Filho B 2,000. During the year,...
Study smarter with the SolutionInn App