Given the data: Month Feb. Mar. Apr. May Jun. Jul. Aug. Sales (000 units) 19 18...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Given the data: Month Feb. Mar. Apr. May Jun. Jul. Aug. Sales (000 units) 19 18 15 20 18 22 20 1. Plot the time-series data to identify any possible pattern. 2. 3. Using a 5-month moving average, forecast sales for September. Assuming an initial forecast of 19(000) units for March, forecast sales for September with a smoothing constant (a) of 0.20 and compute the MAD and MSE for the smoothed values used as forecasts. 4. Fit a trend line to the time-series and determine the values a and b for the trend equation. What will be a forecast for September with this trend equation? 5. Judging from the results above, is there a clear trend in the sales? Given the data: Month Feb. Mar. Apr. May Jun. Jul. Aug. Sales (000 units) 19 18 15 20 18 22 20 1. Plot the time-series data to identify any possible pattern. 2. 3. Using a 5-month moving average, forecast sales for September. Assuming an initial forecast of 19(000) units for March, forecast sales for September with a smoothing constant (a) of 0.20 and compute the MAD and MSE for the smoothed values used as forecasts. 4. Fit a trend line to the time-series and determine the values a and b for the trend equation. What will be a forecast for September with this trend equation? 5. Judging from the results above, is there a clear trend in the sales?
Expert Answer:
Answer rating: 100% (QA)
Here are the steps to answer the questions 1 Plot the timeseries data Feb Mar Apr May Jun Jul Aug 1... View the full answer
Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
Posted Date:
Students also viewed these general management questions
-
Rachel Janet is preparing the 2024 budget for one of BestKayak's roto-moulded kayaks. Extensive meetings with members of the sales department and executive team have resulted in the following unit...
-
Provided that a survivorship clause does not require the surviving spouse to survive the decedent for more than nine months, any transfers subject to the survivorship clause will qualify for the...
-
The potential losses are sorted in the following table. The absolute VaR is 8 Million. What is the relative expected shortfall from the mean? Sorted returns Returns ( Million) -12 -10 -8 -6 -4 -3 -1.5
-
Suppose that the government of a small equatorial country requires all coconut producers to sell their output to the government. According to the text, a monopsony buyer's marginal expenditure is...
-
For each separate situation, indicate whether Cruz Company should (a) Record a liability, (b) Disclose in notes, (c) Have no disclosure. 1. Cruz Company guarantees the $100,000 debt of a supplier. It...
-
For the system in Problem 6.7, how many hours of sunlight are needed to ensure that the battery bank is at \(100 \%\) charge at the end of the day assuming the same load? Problem 6.7 A PV battery...
-
Karen Austin Corporation has capitalized software costs of $800,000, and sales of this product the first year totaled $420,000. Karen Austin anticipates earning $980,000 in additional future revenues...
-
Assuming that this is classified as an operating lease, create an amortization table for the right-of-use asset. Amortization of Right-of-Use Asset Amortizatio Lease Expense n of Right- Interest...
-
In a paint mixing plant, two tanks supply fluids to a mixing cistern. The height, h, of the fluid in the cistern is dependent upon the difference between the input mass flow rate, q, and the output...
-
A set U of n clients/servers is labeled 1, 2,..., n. A quorum Q is defined as a nonempty subset of the set {1, 2, ..., n}. A coterie C is defined as a set of quorums which satisfies the following two...
-
Assume a thin semi-circular washer of dimensions is as shown in Fig. Q.3 and its edges are biased as illustrated. Further, the semi-circular washer is made of two dielectric materials. Region I is a...
-
Prepare Balance Sheet The following information is available for 2021. a. Equipment was sold for $10,000 (which originally cost $20,000 and had an accumulated depreciation balance of $8,000 at the...
-
Let f(x) = x(x - 1)(x + 2), and set F(x) = Zx 0 f(t)dt. (a) Sketch f(x). (b) Find F(0). (c) Find all critical points of F. (d) Find all intervals of increase/decrease for F. (e) Find the concavity...
-
how to find the return for the columns that are blank . -return for risky free weekly -return for portfolio weekly -return for market value weekly -return for risk-free monthly -R(P) monthly -R(M)...
-
1. Suppose you are interested in the recent financial situation of US Foods (Ticker: USFD). First, you need to download the 10-K annual report in 2021. After that, please identify the following...
-
A marketing staff in a bank is collecting data on its customers. The following is a small segment of the dataset obtained. Customer ID Gender Suburb Age Employment status Weekly salary Number of...
-
Assessing simultaneous changes in CVP relationships Braun Corporation sells hammocks; variable costs are $75 each, and the hammocks are sold for $125 each. Braun incurs $240,000 of fixed operating...
-
Explain the advantages of the least-squares procedure for fitting lines to data. Explain how the procedure works.
-
For X ~ N(32, 72), find two values x1 and x2, symmetrically lying on each side of the mean, with P(x1 < X < x2) = 0.99.
-
Bloomingdale's main store in New York has the following departments on its mezzanine level: Stendahl, Ralph Lauren, Beauty Spot, and Lauder Prescriptive. The mezzanine level is managed separately...
-
Electronic devices contain electric circuits etched into wafers made of silicon. These silicon wafers are sealed with an ultrathin layer of silicon dioxide, in a process known as oxidation. This can...
-
Using the data in Exercise 2: a. Find the first and third quartiles of the profit. b. Find the median profit. c. Find the upper and lower outlier boundaries. d. Are there any outliers? If so, list...
-
For each of the following scatterplots, state the type of association that is exhibited: Choices: positive linear, negative linear, positive nonlinear, negative nonlinear, weak linear. b. d. e.
Study smarter with the SolutionInn App