Question: QUESTION 3 (20 MARKS) The data in Table 3 is the actual demand for air conditioners sales for the past six months. Month | Jan

QUESTION 3 (20 MARKS) The data in Table 3 is the

QUESTION 3 (20 MARKS) The data in Table 3 is the actual demand for air conditioners sales for the past six months. Month | Jan Feb Mac April May Jun Total Table 3: Actual demand for air conditioners Average Actual Demand temperature (0) (units) 33 28 37 34 30 22 39 36 32 26 29 20 200 166 [ | a) Forecast demand for July using Naive method and a four month moving average. (4 marks) b) Forecast demand for July using exponential smoothing technique. Use smoothing constant a=0.35 and forecast demand for May was 25 units. (4 marks) c) Predict the sales for July using trend projection. (6 marks) d) If the actual demand for July is 33, compare performance of the above forecasting techniques used in questions 1(b) and 1(c). (2 marks) Compare how time (month) and average monthly temperature have influenced the above sales. Plot these relationships. (4 marks)

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!

The data in Table 3 is the actual demand for air conditioners sales for the past six months. Month Jan Feb Mac April May Jun Total Table 3: Actual demand for air conditioners Average Actual Demand...

Consider ABC Sportswear, a catalog seller of Sportswear. You have data on the purchase behavior of six customers over the last five months (assume you are analyzing the data in the month of June)....

Operations Management Project XYZ Company for Tea Production XYZ Co is a prominent company in the FMCG industry. It provides 400 different brands spanning 14 categories of home, personal care and...

BJMP2033/PRODUCTION & OPERATIONS MANAGEMENT SEMESTER A202 (2020-2021) - AN INDIVIDUAL ASSESSMENT (100%) QUESTION FOUR (20 MARKS) A) Blue Eyes Anchovy company is planning to manage their raw malerial...

SECTION B Answer ANY THREE (3) questions in this section. QUESTION 2 2.1 The Warren Fischer Computer Corporation purchases 8000 transistors each year as components in minicomputers. The unit cost of...

SECTION B (60 MARKS) Answer ALL questions in this section. QUESTION 3 (20 Marks) Use the information provided below to answer the following questions. INFORMATION: A health club has three employees...

* Question Completion Status: 9 10 8 11 12 13 7 1 3 2 4 5 A Moving to another question will save this response. Question 17 The table below shows the footwear sales data for seven months. Month Jan...

Use the flexible budget template to complete this problem The Antigua Blood bank, a private charity partly supported by government grants is located on the Caribbean island of Antigua. The blood bank...

can any one help me to solve this projects Graduate School of Business AAGSE Operations Management Project Module assessment: As an Operations Management Consultant, XYZ has hired you to help...

please help me with these questions thank you QUESTION 1 In conjunction with the housing foreclosure crisis of 2009, many economists expressed increasing concern about the level of credit card debt...

1. Cal has worked 120 hours this month and earned $4380. If he works 1500 hours this year, how much will be paid in CPP and EI assuming CPP is at 5.45% and EI is at 1.58%, and the first $3500 are CPP...

? 15 Question 4-d) - JIMK14-20210214 d) Use the result from c) to derive an expression of the change in equilibrium income with respect to taxes, T. What's the difference between the open economy...

Copper Corporation sold machinery for $ 4 7 , 0 0 0 on December 3 1 , 2 0 2 4 . The machinery had been purchased on Januf had an adjusted basis of $ 4 1 , 0 0 0 at the date of the sale. For 2 0 2 4 ,...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...