Question: Prepare a weekly forecast for the next four weeks for each product. Briefly explain why you chose the methods you used. (Hint: For product 2,

  1. Prepare a weekly forecast for the next four weeks for each product. Briefly explain why you chose the methods you used. (Hint: For product 2, a simple approach, possibly some sort of naive/ intuitive approach, would be preferable to a technical approach in view of the managers disdain of more technical methods.)
  2. Compute the multifactor productivity measure for each of the weeks show What do the productivity suggest? Assume 45 hour weeks and the hourly wage of $15. Overhead is 2.5 times the weekly labor cost. Material cost is 7 dollars per kilogram
  3. Week Output (units) Workers Material (Kg)

    1 32, 000 7 470

    2 34, 600 8 510

    3 36, 200 8 480

    4 37, 400 9 490

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