The Cat Creek Mining Company mines and ships coal. It has experienced the following demand for coal
Question:
Year ..... Coal Sales (tons)
1 ....... 4,260
2 ....... 4,510
3 ...... 4,050
4 ....... 3,720
5 ...... 3,900
6 ...... 3,470
7 ...... 2,890
8 ....... 3,100
Develop an adjusted exponential smoothing model (α = .30, β = .20) and a linear trend line model and compare the forecast accuracy of the two by using MAD. Indicate which forecast seems to be more accurate.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 65% (20 reviews)
Exponentially Adjusted Exponentially Linear Smoothed ...View the full answer
Answered By
Umber Talat
I am providing full time mentoring and tutoring services in Business Finance, Contemporary issue in Global Economy, Quantitative Techniques, Principles of Marketing, strategic marketing, International Marketing, Organizational Behavior (OB), Consumer Behavior, Sales Force Management, Strategic Brand Management, Services Marketing, Integrated Marketing Communication (IMC), Principles of Management, General Management, Strategic Management, Small and Medium Enterprise Management, Innovation Management, Change Management, Knowledge Management, Strategic Planning, Operations Management, Supply Chain Management, Logistics Management, Inventory management, Total Quality Management (TQM), Productions Management, Project Management, Production Planning, Human Resource Management (HRM), Human Resource Development, Strategic HRM, Organizational Planning, Performance and Compensation Management, Recruitment and Selection, Organizational Development, Global Issues in Human Resource Management, Retail Marketing, Entrepreneurship, Entrepreneurial Marketing, International Business, Research Methods in Business, Business Communication, Business Ethics.
4.70+
158+ Reviews
236+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
A company has experienced the following demand for a product over the most recent nine months. Use the information to produce a single exponential smoothing model for period 10. Use a smoothing...
-
A company has experienced the following demand for a product over the most recent nine months. Use the information to produce a two-period simple moving average and a forecast for period 10. Period...
-
A company has experienced the following demand for a product over the most recent nine months. Develop a weighted moving average using the weights 0.6 and 0.4 applied to the most recent periods,...
-
Find a PTLU factorization of the given matrix A. (Enter each matrix in the form [[row 1], [row 2],...], where each row is a comma-separated list.) 0 1 2 -1 4 1 1 3 3 A =
-
You used sales and number of orders to predict distribution costs at a mail-order catalog business (stored in Ware Cost). Using the results from that problem, a. Construct a 95% confidence interval...
-
Write an equation for the lowest-degree polynomial function with the graph and intercepts shown in the figure. f(x) -5
-
Comparing mosquito repellents. Which insect repellents protect best against mosquitoes? Periodically, consumer groups conduct tests to compare insect repellents (e.g., Consumer Reports, June 2000)....
-
On January 1, 2010, Corgan Company acquired 80 percent of the outstanding voting stock of smashing, Inc., for a total of 980,000 in cash and other consideration, at the acquisition date, smashing had...
-
I am trying to calculate whether to make or buy a product from another vendor. My total cost to make vs buy is as follows: Make: $45.95 (direct materials + direct labor + variable manufacturing...
-
Data on U.S. retail sales are available at the U.S. Bureau of the Census Internet site at: www.census.gov/retail/index.html. Under the heading "Monthly Retail Trade Report" there is a file titled...
-
Monaghans Pizza delivery service has randomly selected 8 weekdays during the past month and recorded orders for pizza at four different time periods per day: Develop a seasonally adjusted forecasting...
-
The River is a literary magazine published by the English Department at Tech. It has a 70-year history and enjoys an excellent reputation for providing a literary outlet for aspiring Appalachian...
-
Identify the type of curve and sketch the graph. Do not plot points. Just use the standard graphs given in Figures 5, 6, 8, 10, and 11 and shift if necessary. x = y 2 1 (-x, v) (x, v) y = ax, a>0 y=...
-
there are some solbeed with direct materials. this one says direct labor. any help would be appreciated, ive been stuck Chapter 9 Homework Save 1.5 6 H 305 Parker Plastic, Incorporated, manufactures...
-
Give examples of applications where pumps might be connected in series. Give examples of applications where pumps might be connected in parallel. Drawing on the conclusions of earlier exercises,...
-
a truck company has 2 trucks, which are hired out day by day. The average number of trucks hired on a day follows a distribution with mean 1 . 5 . Identify the distribution and then find the...
-
Designand drive selectionfor a hydrostaticapplication.Choose anypropelledequipmentwithopen or closedloop HST. Includethepayloadand/or anymachinefunctionrequirementsfor the mobileequipment.A sketch...
-
A two stage air compressor with ideal intercooler pressure and perfect intercooling (what does this mean?) compresses air from 1 bar to 16 bar at the rate of 5 m3/min. Mechanical efficiency of the...
-
An extranet exists when the intranets of two or more companies/organisations are linked together. Required Describe the main benefits that can accrue from a company/organisation linking its intranet...
-
Interview managers at three companies in your area about their use of ERP. How have their experiences been similar? What accounts for the similarities and differences?
-
Identify an example of a development project, and what type of team you believe they used. Do you think this was the appropriate type of team given the nature of the project?
-
What is guaranteed if the sum of the percentages of allowable changes in the right-hand sides does not exceed 100 percent?
-
What does a shadow price of 0 tell a manager?
-
What is meant by sensitivity analysis?
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
-
On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%....
-
Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $...
Study smarter with the SolutionInn App