Question 1 THE COPPERBELT UNIVERSITY SCHOOL OF BUSINESS Test One BSP 236 Operations Management (2022 FT)...

Transcribed Image Text:

Question 1 THE COPPERBELT UNIVERSITY SCHOOL OF BUSINESS Test One BSP 236 Operations Management (2022 FT) a) Consider the following actual demand data for a company: i. Compute the seasonal indices for the four quarters. [5 Marks] ii. When does the company experience the largest seasonal effect? [6 Marks] iii. iv. V. Develop the simple linear regression model. Develop quarterly forecasts for the four quarters of year 5. [6 Marks] Explain the Executive Committee Consensus Method outlining its strength and weaknesses. [4 Marks] [4 Marks] Year 1 Year 2 Year 3 Year 4 Quarter 1 6 10 12 18 Quarter 2 4 3 9 6 Quarter 3 4 5 7 13 Quarter 4 14 16 22 35 Question 1 THE COPPERBELT UNIVERSITY SCHOOL OF BUSINESS Test One BSP 236 Operations Management (2022 FT) a) Consider the following actual demand data for a company: i. Compute the seasonal indices for the four quarters. [5 Marks] ii. When does the company experience the largest seasonal effect? [6 Marks] iii. iv. V. Develop the simple linear regression model. Develop quarterly forecasts for the four quarters of year 5. [6 Marks] Explain the Executive Committee Consensus Method outlining its strength and weaknesses. [4 Marks] [4 Marks] Year 1 Year 2 Year 3 Year 4 Quarter 1 6 10 12 18 Quarter 2 4 3 9 6 Quarter 3 4 5 7 13 Quarter 4 14 16 22 35