Question: Hello! Help please with forecasting and excel formulas Forecasting Background: Your company has done well for four straight years staring in 2 0 1 7
Hello! Help please with forecasting and excel formulas
Forecasting
Background:
Your company has done well for four straight years staring in
ABC Mfg launched a new sophisticated data collection device using unique, patented, semiconductors chips, supplied from China. As sales grew, ABC added the necessary manpower To keep pace with demand. The data is summarized below.
tableABC MfgtableSales DMillionstableFcst FMillionsManpower,Fcst F$$$$$$$$AB
You need to create an Excel spreadsheet to calculate the various answers for this.
Questions:
a Given the data given above, develop a forecast for variable A and B using a simple year moving average SMAPlease round to a one decimal place
A B
b Using the spreadsheet you created for a above, develop a year weighted moving average SWMA applying the following weighs and
Please round to one decimal place
A B
Using exponential smoothing ExS with an alpha value of What is the sales forecast value for APlease round to a whole number
Using the same method, but using an alpha value of forecast the anticipated manpower. What is the forecasted value of B
Please round to a whole number
Using the Mean Absolute Percent Error MAPE what appears to be the best forecast method? Please round to one decimal place
MAPE:SMA MAPE:WSMA MAPE Exp Smoothing
What does the above data tell you?
On your spreadsheet, calculate the change in a sales and b manpower for all years Do not answer this question here use your spreadsheet.
Summarize what your graph depicts? What does it tell you
Input your answer in this space.
Comparing the data, is the plant more or less efficient in Vs
Explain Your Reasoning: Input your answer in this space.
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