3.13 pts Question 23 During the past three weeks sales of a product have been as...
2. (20 points) The following table shows the monthly sales in a local grocery store Month and 120 115 125 119 127 114 114 120 124 116 137 10 a. Suppose that Three-weeks moving average are used to forecast sales. Determine the one-step-ahead forecasts for weeks 4 through 10. b. Suppose that exponential smoothing is used with a smoothing constant α-02. Find the exponential smoothing forecasts weeks 4 through 10. (To get the method started, use 120.00 as the forecast...
Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below: Week 1 2 3 4 5 6 7 8 9 10 Demand 19 21 28 38 26 30 36 24 25 30 a) The forecast for weeks 2 through 10 using exponential smoothing with alpha = 0.55 and a week 1 initial forecast of 19.0 are (round your responses to two decimal places): Week 1 2 3...
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the following sales forecast has been developed: Year Sales 2005 2006 2007 2008 2009 450 495 518 563 580 Forecasted Sales 410.00 422.00 443.90 466.13 495.19 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 73.76 sales (round...
Weekly sales of the Weber Dicamatic food processor for the past ten weeks have been: Week Sales Week Sales 1 980 6 990 2 1040 7 1030 3 1120 8 1260 4 1050 9 1240 5 960 10 1100 Determine, on the basis of minimizing the mean square error, whether a three-period or four-period simple moving average model gives a better forecast for this problem.
Orchard Relief is a product that is designed to improve sleep at night. The company, Eli Orchard, is guessing that sales of the product is somewhat related to sleeping patterns of customers over the days of the week. Before mass production of the product, Eli Orchid has market-tested Orchid Relief in only Orange County over the past 8 weeks. The weekly demand is recorded. Eli Orchid is now trying to use the sales pattern over the past 8 weeks to...
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...
Thus, r_ (.9014) .8125, meaning that about 81% of the variability in sales can be explained by the regression model with advertising as the independent varia ble. Problems Nde ΡΧ mere te problem may be sch od with POM for Wrndows ardor Exco. 4.1 The following gives the number of pints of type B t wook of October 12 b) Use a 3-week weighted moving average, with weights of. 1, 3, and 6, using .6 for the most recent week....
QUESTION 5 A carnival runs for 10 days a year. Attendance for each day in each of the past three years has been captured and is provided in the table below. sing the multiplicative seasonal method, determine the average seasonal index for Day 2. Year 1 Year 2 Year 3 Dayl 13,578 14,471 15,421 Day2 21,659 21,630 21,124 Day3 20,051 20,558 20,367 Day4 12,035 12,820 13,315 Day5 12,264 12,924 12,077 Day6 13,139 13,875 13,818 Day7 18,754 18,801 19,491 Day8 21,670...
Please answer each question and highlight each answer or the table. Starbucks has a Isrge, global supply chain that must eficienty supply over 17,000 stores. Although the stores might appesr to be very similse, they are actualy very difierent. Depending on the locaion of the store, its size, and the prolile of the oustomers served, Starbucks management oonfigures the store offerings to take maimum advantage of the space available and customer preferenoes. Starbucks' actual distribution system is much more complex,...
this is a really long assignment and I need help Question 1: Wendy's Happy Homes Inc manufactures Home Appliances. Monthly sales of Wendy's Washers and Dryer Sets for a nine month period were as follows: MONTH Washer and Dryer Sales 490 480 450 500 480 470 490 520 530 January February March April May June July August September Forecast October sales using 1) A four-month moving average 2) a six-month moving average 3. Compute the MAD for each forecast method...