BME
. The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows;
Period Demand Predicted
1 1 29 124
2 194 200
3 156 150
4 91 94
5 85 80
6 132 140
7 126 128
8 126 124
9 95 100
10 149 150
11 98 94
12 85 80
13 137 140
14 134 128
a. Compute MAD for the fifth period, then update it period by period using exponential smoothing with alpha = 0.3
b. Compute a tracking signal for period 5 through 14 using the initial and updated MADs. If limit is +/- 4, what can you conclude?
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand...
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. the actual and predicted values are as follows: Period Demand Predicted 1 124 113 2 184 200 3 144 150 4 79 102 5 74 80 6 119 135 7 114 128 8 141 124 9 106 109 10 161 150 11 116 94 12 101 80 13 136 140 14 146 128 a) Compute MAD for the fifth period, then...
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand...
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand Predicted 1 123 113 2 183 200 3 143 150 4 78 102 5 73 80 6 118 135 7 113 128 8 142 124 9 107 109 10 162 150 11 117 94 12 102 80 13 137 140 14 147 128 a. Compute MAD for the fifth period, then...
(24 points) The manager of a travel agency has been using seasonally adjusted forecast to predict...
(24 points) The manager of a travel agency has been using seasonally adjusted forecast to predict demand for packaged tours. The demand and the forecast for the last 14 weeks are given below: 4. Demand 113 129 191 175 139 151 227 211 163 189 269 245 191 211 Predicted 95 123 203 181 123 153 251 221 151 187 281 259 173 209 (12 points) Compute MAD for the sixth period, then update it period by period using exponential...
ignore my answers i was just guessing The manager of a travel agency has been using...
ignore my answers i was just guessing
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand 140 Predicted 120 200 150 AWN- 194 169 100 80 136 128 O V 95 124 101 150 149 105 94 85 84 140 128 134 The following data were collected during a study of consumer buying patterns: Observation Observation AWN b. Obtain a...
The manager of a travel agency asked you to come up with a forecasting technique that...
The manager of a travel agency asked you to come up with a forecasting technique that will best fit to the actual demand for packaged tours. You have observed and recorded the actual demand for the last 10 periods. You also identified two possible techniques for consideration: 2-month moving averages (F1), and exponential smoothing (F2) with a smoothing constant of 0.40. Using Cumulative Forecasting Error (CFE) and Mean Absolute Deviation (MAD) as your performance measures you will determine the technique...
H.W 13 Q5 QUESTION 5 The manager of a travel agency asked you to come up...
H.W 13 Q5
QUESTION 5 The manager of a travel agency asked you to come up with a forecasting technique that will best fit to the actual demand for packaged tours. You have observed and recorded the actual demand for the last 10 periods. You also identified two possible techniques for consideration: 2-month moving averages (F1), and exponential smoothing (F2) with a smoothing constant of 0.35. Using Cumulative Forecasting Error (CFE) and Mean Absolute Deviation (MAD) as your performance measures...
The manager of a travel agency asked you to come up with a forecasting technique that...
The manager of a travel agency asked you to come up with a forecasting technique that will best fit to the actual demand for packaged tours. You have observed and recorded the actual demand for the last 10 periods. You also identified two possible techniques for consideration: 2-month moving averages (F1), and exponential smoothing (F2) with a smoothing constant of 0.40. Using Cumulathve Forecasting Erro (CFE) and Mean Absolute Daviation (MAD) as your performance measures you will detarmine tha technique...
A chain of sports shops catering to beginning skiers, headquartered in Aspen, Colorado, plans to conduct...
A chain of sports shops catering to beginning skiers,
headquartered in Aspen, Colorado, plans to conduct a study of how
much a beginning skier spends on his or her initial purchase of
equipment and supplies. Based on these figures, it wants to explore
the possibility of offering combinations, such as a pair of boots
and a pair of skis, to induce customers to buy more. A sample of 44
cash register receipts revealed these initial purchases:
$
142
$
85...
Maintaining a healthy weight is important for women’s health. Some physicians recommend being back to your...
Maintaining a healthy weight is important for women’s health. Some physicians recommend being back to your pre-pregnancy weight six months after giving birth. Public health officials are interested in whether this is a realistic goal. Do the women in North Carolina weigh more than their pre-pregnancy weight six months postpartum? In other words, is the six months post-pregnancy weight greater than their pre-pregnancy weight? Use a paired samples t-test to compare pst6wght (variable 1) and prewght (variable 2). This uses...
Exercise # 1-0M6322-week 4-Forecasting using Exponential Smoothing The first five periods of demand data are shown...
Exercise # 1-0M6322-week 4-Forecasting using Exponential Smoothing The first five periods of demand data are shown in the following table Let the smoothing coefficient, alpha, equal 0.2.Compute the exponentially smoothed forecasts for periods one through four Initialize the procedure with a forecast value for period one of 37 Period Aggregate Demand Forecast demand 38 42 40 36 42 37 Determine the Running Sum of Forecast Errors (RSFE), the Mean Absolute Deviation, MADt Land the Tracking Signal(TS) at the end of...
(24 points) The manager of a travel agency has been using seasonally adjusted forecast to predict demand for packaged tours. The demand and the forecast for the last 14 weeks are given below: 4. Demand 113 129 191 175 139 151 227 211 163 189 269 245 191 211 Predicted 95 123 203 181 123 153 251 221 151 187 281 259 173 209 (12 points) Compute MAD for the sixth period, then update it period by period using exponential...
ignore my answers i was just guessing
The manager of a travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The actual and predicted values are as follows: Period Demand 140 Predicted 120 200 150 AWN- 194 169 100 80 136 128 O V 95 124 101 150 149 105 94 85 84 140 128 134 The following data were collected during a study of consumer buying patterns: Observation Observation AWN b. Obtain a...
H.W 13 Q5
QUESTION 5 The manager of a travel agency asked you to come up with a forecasting technique that will best fit to the actual demand for packaged tours. You have observed and recorded the actual demand for the last 10 periods. You also identified two possible techniques for consideration: 2-month moving averages (F1), and exponential smoothing (F2) with a smoothing constant of 0.35. Using Cumulative Forecasting Error (CFE) and Mean Absolute Deviation (MAD) as your performance measures...
The manager of a travel agency asked you to come up with a forecasting technique that will best fit to the actual demand for packaged tours. You have observed and recorded the actual demand for the last 10 periods. You also identified two possible techniques for consideration: 2-month moving averages (F1), and exponential smoothing (F2) with a smoothing constant of 0.40. Using Cumulathve Forecasting Erro (CFE) and Mean Absolute Daviation (MAD) as your performance measures you will detarmine tha technique...
A chain of sports shops catering to beginning skiers,
headquartered in Aspen, Colorado, plans to conduct a study of how
much a beginning skier spends on his or her initial purchase of
equipment and supplies. Based on these figures, it wants to explore
the possibility of offering combinations, such as a pair of boots
and a pair of skis, to induce customers to buy more. A sample of 44
cash register receipts revealed these initial purchases:
$
142
$
85...
Exercise # 1-0M6322-week 4-Forecasting using Exponential Smoothing The first five periods of demand data are shown in the following table Let the smoothing coefficient, alpha, equal 0.2.Compute the exponentially smoothed forecasts for periods one through four Initialize the procedure with a forecast value for period one of 37 Period Aggregate Demand Forecast demand 38 42 40 36 42 37 Determine the Running Sum of Forecast Errors (RSFE), the Mean Absolute Deviation, MADt Land the Tracking Signal(TS) at the end of...
Most questions answered within 3 hours.
-
Here is a pair of aromatic compounds that each have a complicated
set of aromatic peaks....
asked 16 minutes ago -
As with many public goods, determining the appropriate level of
government support for the production of...
asked 19 minutes ago -
Write a balanced chemical equation for the oxidation reaction
between Caro’s acid (H2SO5) and CN– ion...
asked 22 minutes ago -
Calculate the number of valence electrons for
[Mo(C6H6)(CO)3]
asked 32 minutes ago -
Which of the following are true about the strength of the
association between two variables?
1-...
asked 29 minutes ago -
You are a monopolist and know that your consumers have a linear
demand curve. At what...
asked 28 minutes ago -
Raising a heavy load requires work. Raising it in half the time
requires:
asked 34 minutes ago -
MGT-201: Marketing Management
Before deciding on the structure of the channel marketers must
take several factors...
asked 34 minutes ago -
1. ACLs allow a router to control traffic within a network. The
concept is very similar...
asked 35 minutes ago -
35. When the electron in a hydrogen atom falls from its first
excited energy level to...
asked 37 minutes ago -
A man is dragging a box of mass "m" by using a rope which rests
on...
asked 53 minutes ago -
Liquid octane
(CH3(CH2)6CH3) will
react with gaseous oxygen (O2) to produce gaseous carbon
dioxide (CO2) and...
asked 55 minutes ago