Question: using the data in the following table a. compute an exponentially smoothes forecast with alpha=.30 through July, assuming the forecast for January is 80 b.

using the data in the following table

a. compute an exponentially smoothes forecast with alpha=.30 through July, assuming the forecast for January is 80

b. compute the MAD for the forecast

months. demand January. 80 Feb. 113 March. 70 April. 91 may. 105 June. 100

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!

Q:

Using the data in the following table, a) compute an exponentially smoothed forecast with alpha = .30 through July, assuming the forecast for January is 80. b) compute the MAD for the forecast. Month...

Q:

Using the data in the following table, a) compute an exponentially smoothed forecast with alpha - 30 through July, assuming the forecast for January is 80. b) compute the MAD for the forecast. Demand...

Q:

(15 Points) Using the data in the following table, a) compute an exponentially smoothed forecast with alpha = 20 through May. b) compute the forecast for the next month (June). c) compute the MAD for...

Q:

Using the data in the following table, a) Compute 3-month moving average forecasts for all the months. b) Compute MAD for the forecast. c) Is 3-month moving average better than the exponentially...

Q:

1-(15 Points) Using the data in the following table,, a) Compute 2-month moving average forecastsfor all the months. b) Compute MAD for your forecasts in part a. c) Compute 3-month moving average...

Q:

1-(15 Points) Using the data in the following table,, a) Compute 2-month moving average forecastsfor all the months. b) Compute MAD for your forecasts in part a. c) Compute 3-month moving average...

Q:

1 - Using the data in following table, \ table [ [ MoNTH , SALES ] , [ January , 9 0 8 ] , [ February , 1 2 3 5 ] , [ March , 8 0 4 ] , [ April , 1 0 1 9 ] , [ May , 1 1 5 1 ] , [ June , 1 3 8 3 ] ,...

Q:

1-(20 Points) Using the data in the following table, compute an exponentially smoothed forecast with alpha = .30 through July, assuming the forecast for January is 80. compute the MAD for the...

Q:

1 - Using the data in following table, \ table [ [ MoNTH , SALES ] , [ January , 9 0 8 ] , [ February , 1 2 3 5 ] , [ March , 8 0 4 ] , [ April , 1 0 1 9 ] , [ May , 1 1 5 1 ] , [ June , 1 3 8 3 ] ,...

Q:

Forecasting Problem Observe the demand of 3D printer for the last 12 months as reported in Table 1 below. The Production Manager informed you that they need a good forecast of demand for their...

Q:

Q.4 (a) For a reaction, A + B'n Product, the rate law is given by r = k [A] [B]* . What is 1/2 the order of the reaction? (b) What is the overall order of the reaction? HOOH + I HOI + OH (slow) HI +...

Q:

What is the most probable point (not radius) at which a 2p electron will be found in the hydrogen atom?

Q:

A variation in a production process that can be traced to specific causes is a ( n ) ?

Q:

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...