Homework Answers
Demand forecasting is nothing but predicting the future demand of product or service based on the past events or current trends.
Moving average forecast can be used to forecast long-term trends and can be calculated for any time period.
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Develop a two-period weighted moving average forecast for periods 12 through 15. Use weights of 0.9...
HYV Score: 60%, 18 of 30 pt 44 of 22 (17 complete)> Score: 0 of 2...
HYV Score: 60%, 18 of 30 pt 44 of 22 (17 complete)> Score: 0 of 2 pts Show Work Question Help Problem 2 Develop a two-period weighted moving average forecast for periods 12 through 15. Use weights of 0.9 and 0.1, with the most recent observation weighted higher. Demand 210 347 458 241 403 Period 10 12 13 14 Calculate the forecasts for periods 12-15 by using a two-period weighted moving average model (enter your responses rounded to the nearest...
Suppose a four period weighted average is being used to forecast demand. Weights for the periods...
Suppose a four period weighted average is being used to forecast demand. Weights for the periods are: wt-4 = 0.1 wt-3 = 0.2 wt-2 = 0.35 wt-1 = 0.35 Demand observed in the previous four periods was: At-4 = 15890 At-3 = 14970 At-2 = 14478 At-1 = 14628 What will be the demand forecast for period t? (Keep one decimal place in your answer).
Calculate the following forecasts using the data below. For periods 4 through 10, develop the exponentially...
Calculate the following forecasts using the data below. For periods 4 through 10, develop the exponentially smoothed forecasts using a forecast for period 3 (F3) of 45.0 and an alpha of 0.4. Calculate the three-period moving-average forecast for periods 4 through 10. Calculate the weighted moving average for periods 4 through 10, using weights of .70, .20, and .10, with 0.70 applied to the most recent data Calculate the mean absolute deviation (MAD) for each forecasting procedure. Which forecasting procedure...
The actual values for 12 periods (shown in order) are: Period Data 1 45 2 52...
The actual values for 12 periods (shown in order) are: Period Data 1 45 2 52 3 48 4 59 5 55 6 55 7 64 8 58 9 73 10 66 11 69 12 74 In Excel, create forecasts for periods 6-13 using each of the following methods: -------- -5 period simple moving average; Using a 5 period simple moving average, the forecast for period 13 will be: 68 -4 period weighted moving average (0.63, 0.26, 0.08, 0.03); Using...
For problerms 7 througl use the following time serles data:l Th fol PERIOD DEMAND 221 247 228 233...
Use
excel, show excel commands. #8
For problerms 7 througl use the following time serles data:l Th fol PERIOD DEMAND 221 247 228 233 240 152 163 155 167 158 4 5 7 10 7. () Develop a last period forecast for periods 2 through 11. Calculate the MFE, MAD, and MAPE values for periods 2 through 10. Is this a good model? Why? 8. () Develop a three-period weighted moving average forecast for periods 4 through 11. Use weights...
Forecasts for P5 to P12 using a 4-period simple moving average
1. Given the data below, compute for the following: a) Forecasts for P5 to P12 using a 4-period simple moving average b) Forecasts for P5 to P12 using a 4-month weighted moving average with the following weights: Most recent period =0.40 2nd most recent period = 0.30 3rd most recent period = 0.20 4th most recent period = 0.10c) Assuming a forecast of 5,000 units for Period 4 and a = 0.30, compute for the forecasts for P5 to P12. d) Using linear trend forecasting, determine the: - equation...
"The MAD for the forecast developed using a weighted 2-year moving average with weights of 0.45...
"The MAD for the forecast developed using a weighted 2-year
moving average with weights of 0.45 and 0.55 = __ miles (round
your response to one decimal place). (Hint: You will have only 3
years of matched data.)"
Score: 0 of 1 pt 3 of 5 (1 complete) HW Score: 0%, 0 of 5 pts Problem 4.5 Question Help The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to...
This Question: 1 pt 15 of 111 (14 complete) Use the following 12 periods of demand...
This Question: 1 pt 15 of 111 (14 complete) Use the following 12 periods of demand to produce a double exponential smoothing forecast for period 13. Use a smoothing constant, a, equal to 0.30. Use 508 as the initial forecast values. Click the icon to view the demand for the previous 12 periods. Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). Period at FD (DES) 558 OOOOOOOOOOL 893 819 854...
The ollowing 12 periods of actual demand are to be used to produce a double exponential smoothin forecast or period 13. Use a smoothing constant α e 10 se 70 as the inna al to orecast values ll Click...
The ollowing 12 periods of actual demand are to be used to produce a double exponential smoothin forecast or period 13. Use a smoothing constant α e 10 se 70 as the inna al to orecast values ll Click the icon to view the demand for the previous 12 periods Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). More Info Period at FD(DES) 64 Period 35 70 41 64 35...
Please help with questions 7 - 10. PART IV Planning and Controling Operations and Supply Chains...
Please help with questions 7 - 10.
PART IV Planning and Controling Operations and Supply Chains 290 period 1 was 250. Plot the results. Which model appears to work better? Why? 10. After graduating from college, you and your friends start selling birdhouses made from recycled plast has caught on, as shown by the following sales figures For problems 4 through 6, use the following time series data: The idea DEMAND MONTH January 2012 February March April May June 119...
HYV Score: 60%, 18 of 30 pt 44 of 22 (17 complete)> Score: 0 of 2 pts Show Work Question Help Problem 2 Develop a two-period weighted moving average forecast for periods 12 through 15. Use weights of 0.9 and 0.1, with the most recent observation weighted higher. Demand 210 347 458 241 403 Period 10 12 13 14 Calculate the forecasts for periods 12-15 by using a two-period weighted moving average model (enter your responses rounded to the nearest...
Use
excel, show excel commands. #8
For problerms 7 througl use the following time serles data:l Th fol PERIOD DEMAND 221 247 228 233 240 152 163 155 167 158 4 5 7 10 7. () Develop a last period forecast for periods 2 through 11. Calculate the MFE, MAD, and MAPE values for periods 2 through 10. Is this a good model? Why? 8. () Develop a three-period weighted moving average forecast for periods 4 through 11. Use weights...
"The MAD for the forecast developed using a weighted 2-year
moving average with weights of 0.45 and 0.55 = __ miles (round
your response to one decimal place). (Hint: You will have only 3
years of matched data.)"
Score: 0 of 1 pt 3 of 5 (1 complete) HW Score: 0%, 0 of 5 pts Problem 4.5 Question Help The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to...
This Question: 1 pt 15 of 111 (14 complete) Use the following 12 periods of demand to produce a double exponential smoothing forecast for period 13. Use a smoothing constant, a, equal to 0.30. Use 508 as the initial forecast values. Click the icon to view the demand for the previous 12 periods. Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). Period at FD (DES) 558 OOOOOOOOOOL 893 819 854...
The ollowing 12 periods of actual demand are to be used to produce a double exponential smoothin forecast or period 13. Use a smoothing constant α e 10 se 70 as the inna al to orecast values ll Click the icon to view the demand for the previous 12 periods Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). More Info Period at FD(DES) 64 Period 35 70 41 64 35...
Please help with questions 7 - 10.
PART IV Planning and Controling Operations and Supply Chains 290 period 1 was 250. Plot the results. Which model appears to work better? Why? 10. After graduating from college, you and your friends start selling birdhouses made from recycled plast has caught on, as shown by the following sales figures For problems 4 through 6, use the following time series data: The idea DEMAND MONTH January 2012 February March April May June 119...
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