FORECAST = F(T-1) + (ALPHA * (A(T-1) - F(T-1)), A = ACTUAL DEMAND, F = FORECAST, (T-1) = PREVIOUS PERIOD
FORECAST 2 = 410 + (0.6 * (450 - 410) = 434
FORECAST 3 = 434 + (0.6 * (495 - 434) = 470.6
FORECAST 4 = 470.6 + (0.6 * (518 - 470.6) = 499.04
FORECAST 5 = 499.04 + (0.6 * (563 - 499.04) = 537.42
FORECAST 6 = 537.42 + (0.6 * (580 - 537.42) = 562.97
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past...
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). ar Sales 460 495 518 575 580 4 a) Forecasted sales for year 6 using the trend projection (linear regression) method are sales (round your response to one decimal place),
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). a) Forecasted sales for year 6 using a 3 year moving average is 558 sales (round your response to one decimal place). b) The MAD for a 3-year moving average based forecast is 67 sales (round your response to one decimal place). c) The MSE for a 3-year moving average based forecast is sales (round your response to the nearest whole number).
How do i solve C Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 455 502 520 563 580 a) Forecasted sales for year 6 using the trend projection (linear regression) method are 617.3 sales (round your response to one decimal place). b) The MAD for a linear regression forecast is 6.8 sales (round your response to one decimal place). c) The MSE for the linear...
Problem 4.16 E ques Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year Sales 460 510 520 570 575 a) Forecasted sales for year 6 using the trend projection (linear regression) method are sales (round your response to one decimal place). Enter your answer in the answer box and then click Check Answer parts remaining Clear A che certos
A&B Question 2 The table below shows the aggregate demand of pool cleaning equipment during the last 12 years for Watertech Company in Arizona YEAR> DEMAND 1,513 1,485 1,4911,4471,525 1,493 1,477 1,562 1,476 1,513 1,4 Please forecast the demand for 2017 using the following two methods 2005 2006 2007 2008 2009 2010 20112012 2013 2014 2015 2016 80 1,466 a. Simple Moving Average, SMA (5) b. Simple Exponential Smoothing (you define the value of 'a, that minimizes MSE error) Compare...
1. Exercise 5.1 The forecasting staff for the Prizer Corporation has developed a model to predict sales of its air-cushioned-ride snowmobiles. The model specifies that sales, S, vary jointly with disposable personal income, Y, and the population between ages 15 and 40,Z, and inversely with the price of the snowmobiles, P. Based on past data, the best estimate of this relationship is: where k has been estimated (from past data) to equal 100 If Y $13,000, Z- $1,200, and P...
We have data (given Below) that shows, the annual sales for four different companies (called company A, B, C and D) for duration of 2000-2010 years. Make two scatter plot for each company's annual sales. In first scatter plot show Linear regression, display its equations and the R-square value. And in the second scatter plot show Exponential Regression, display its equation and the R-square value. For each company answer which regression (linear or exponential) is a better fit for the...
In business, we are often interested in knowing when the rate of change in sales reaches a maximum valuc. Thc point at which this occurs is called the point of diminishing returns. If the sales are defined by S(t), then in terms of Calculus, we want to know when the derivative S"() attains a maximum. In this assignment we are going to use the graphing calculator or Microsoft Excel to fit the logistic model to the Nintendo DS game console...
he bookstore at the University of Southern Alabama is owned and operated by the university through an independent corporation with its own board of directors. The bookstore has three locations on or near the university campus. It stocks a range of items, including textbooks, trade books, logo apparel, drawing and educational supplies, and computers and related products such as printers, mice, and software. The bookstore has a program to sell laptop/notebook computers to incoming first-year students and other students at...