Question

Consider the following actual and forecast demand levels for Big Mac hamburgers at a local​ McDonald's restaurant:

Day Monday Tuesday Wednesday Thursday Friday Actual Demand 88.00 75.00 70.00 52.00 Forecast Demand 88.00 88.00 84.10 79.87 The forecast for Monday was derived by observing Mondays demand level and setting Mondays forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.30. Using this exponential smoothing method, the forecast for Big Mac demand for Friday is Big Macs (round your response to one decimal place)

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

G cara α 0.30 At pievious Period achual clemoncl Ft : previous perlod -foreceit- At 52.00 (-t)-- 0.30 -AU the abve values are Subitedhformula > Fニ 1564 55.909 -The-forecast- 89 mc demand

Add a comment
Know the answer?
Add Answer to:
Consider the following actual and forecast demand levels for Big Mac hamburgers at a local​ McDonald's...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Homework: HW 3 (Chapter 4) Score: 0 of 1 pt Problem 4.12 Hw Score: 16.67%, 1...

    Homework: HW 3 (Chapter 4) Score: 0 of 1 pt Problem 4.12 Hw Score: 16.67%, 1 of 6 pts Question Help * Consider the following actual and forecast demand levels for Big Mac Actual Demand 88.00 75.00 68.00 52.00 Forecast Demand 88.00 88.00 84.75 80.56 Day Tuesday Wednesday Thursday Friday The forecast for Monday was derived by obs forecasts were derived by using exponential smoothing with a smoothing constant of 0.25. Using this exponential smoothing method, the forecast for Big...

  • Consider the demand curve representing the demand for McDonald's Big Mac hamburgers in the United States...

    Consider the demand curve representing the demand for McDonald's Big Mac hamburgers in the United States during the month of February. For each of the events below, indicate whether the event will cause the demand curve to increase (shift to the right), decrease (shift to the left), or to remain the same. Briefly explain your responses. a. Burger King cuts the price of a Whopper from $3.49 to $2.99 b. Because of a shortage of potatoes, the price of French...

  • The following payoff table provides profits based on various possible decision alternatives and various levels of...

    The following payoff table provides profits based on various possible decision alternatives and various levels of demand with probabilities of different demands: States of Nature Demand Alternatives Low Medium High Alternative A 80 120 140 Alternative B 70 90 100 Alternative C 30 60 120 Probability 0.4 0.3 0.3 What will be the expected value of perfect information (EVPI) for this situation? 2. Given the following gasoline data: Quarter Year 1 Year 2 1 95 105 2 85 95 3...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT