Question: QUESTION 1 4 points Save Answer A firm's demand data from the last two quarters is displayed in the table. Month Demand 154 January February

QUESTION 1 4 points Save Answer A firm's demand

QUESTION 1 4 points Save Answer A firm's demand data from the last two quarters is displayed in the table. Month Demand 154 January February 148 March 214 April 180 May 225 June 246 (a) Using a 3-period moving average, forecast demand for July. (b) Using a 3-period weighted moving average with Wt = 0.7, Wt-1 = 0.2, and Wt-2 = 0.1, forecast demand for July. (c) Using exponential smoothing, with alpha = 0.80 and a June forecast of 217, forecast demand for July. (d) Using indexing, with an annual forecast of 3384 and an index value of 0.86, forecast the demand for July Note: round answer to nearest whole number (i.e., 107.6 = 108; and 107.4 = 107) Three-period moving average forecast is 217 Three-period weighted moving average forecast is 235.2 Exponential smoothing forecast is Index forecast is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Mailings Review View Help Using the following demand, create a spreadsheet or calculate by hand (showing your workl) the answers to the following forecasting questions: Perlod/Month Demand January...

The following information is for Questions 30-33 A fim's demand data from the last two quarters is displayed in the table. Month January February March April May Junc Demand 154 148 214 210 225 246...

\f. Question 12 The following table shows quarterly demand (in thousand units) for a product over 5 years. Year 1 Year 2 Year 3 Year 4 Year 5 Quarter 1 54 71 64 63 70 Quarter 2 115 100 106 104 109...

Heidi favors using a two period moving average but Tim is " an exponential - smoothing man." Tim's demand forecast for May was identical to Heidi's. What value of alpha would Tim need to use in order...

Question 14 1 pts The following information is for questions 14 and 15. A firm's demand data from the last two quarters is displayed in the table. The firm uses a two- period moving average model to...

A firm's demand data from the last two quarters is displayed in the table. The firm uses a two-period moving average model to forecast the demand. Month Demand January 154 February 148 March 214...

please help!!! A firm's demand data from the last two quarters is displayed in the table below. Month Demand January 154 February 148 March 214 April 180 May 225 June 246 The firm wants to use a...

The following information is for questions 14 and 15. Afirm's demand data from the last two quarters is displayed in the table. The firm uses a two- period moving average model to forecast the...

A firm's demand data from the last two quarters is displayed in the table. Use a three-period weighted moving average forecast with weights W = 0.5, W1-1 = 0.3, and W1-2 = 0.2 to forecast demand for...

A firm's demand data from the last two quarters is displayed in the table below. Demand 154 148 Month January February March April May June 214 180 225 246 The firm wants to use a three period...

Suppose the market demand for cookies is: QD= = 190- Using the midpoint method, if the price falls from $200 to $187.50, what is the price elasticity of demand? P 5 (Round to the nearest tenths)...

Draw the torque speed characteristics of a 3 phase induction motor and clearly indicate the effect of change in rotor resistance. (7)

The caste system is generally assoclated with Buddhism tucism Hinduism thtam

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...