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6. you assume that actual sales fo March of 103, a forecast value March of 99,...
Given an actual demand this period of 103, a forecast value for this period of 99, and an alpha of 0.4, what is the exponential smoothing forecast for next period?
Using exponential smoothing of the data, forecast the sales for the month of July. actual sale: March 1,210 April 1,280, May 1,260 June 1,275 Forecast April 1,240 Alpha 0.20
A small Italian restaurant wants to forecast pepperoni pizza sales. Actual sales and forecasts for the past several months are shown below. The owner prefers to use an exponential smoothing forecasting model with αλπηα&νβσπ; = 0.30. What would be the exponential smoothing forecast for June? Period Demand Forecast April 500 480 May 476 June 503
Forecasts and actual sales of MP3 players at Just Say Musicare as follows: Month Forecast Actual Sales March 150 170 April 220 229 May 205 192 June 256 241 July 250 238 August 260 210 September 270 225 October 280 179 a. Plot the data and show the plot using Excel, Word or PowerPoint. b. Provide insights about the time series c. What is the forecast for November, using a two-period moving average? Note also that the forecast values provided are irrelevant to computing these moving average forecasts. d. What is the forecast for November, using a three-period...
Do question 5 please. Use exponential smoothing with a=.2 to forecast battery sales. Assume the forecast for January was 22 batteries Month Battery Sales for cars January 20 Feb 21 March 15 April 14 aryws 22 bateries Bahery Sales & Use the sales data given below to deto (a) the negression oqustioe (b) the poodicted value for 1982 sales aryws 22 bateries Bahery Sales & Use the sales data given below to deto (a) the negression oqustioe (b) the poodicted...
Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of each month, compute your forecast sales by each of the three methods requested here. ACTUAL June 154 July 194 August 225 a. Using a simple three-month moving average, what is the forecast for September? (Round your answer to 2 decimal places.) b. Using a weighted moving average, what is the forecast for September with weights...
8. The table below shows the past 10 weeks of actual sales (y) and forecast sales for the next period (Øt+1): Forecast for Week Sales next period 400 400 430 420 440 460 406 408.80 415.04 424.03 427.23 435.78 434.62 440 470 430 435.70 9 440 420 432.56 10 If the actual sales for week 11 were 410, what would the Exponential Smoothing model predict for the sales in week 12 for a=0.20? Page 19 of 20
Actual sales of TV's for the first six month in 2021 were as follows: January 60 February 80 March 42 April 68 May 44 June 72 Use this information and determine in whole numbers: 1 The average actual monthly sales for that period 2 Trends: Reduce this average by 6% per month for the next three months 3 Simple Moving Average (SMA): make a forecast for July using a three months simple moving average. 4 Weighted Moving Average (WMA): make...
Examples 1,2,3 1. Beyond Tea Inc. wants to forecast sales of its menthol green tea. The company is considering either using a simple mean or a three-period moving average to forecast monthly sales. Given sales data for the past 10 months use both forecasting methods to forecast periods 7 to 10 and then evaluate each. Which method should they use? Use the selected method to make a forecast for month 11. (Show all calculations .... Please read Examples1, 2, 3...
You are given the following budgeted and actual data for the Grey Company for each of the months January through June of the current year. In December of the prior year, sales were forecasted as follows: January, 97 units; February, 92 units; March, 99 units; April, 104 units; May, 111 units; June, 119 units. In January of the current year, sales for the months February through June were reforecasted as follows: February, 87 units; March, 99 units; April, 99 units;...