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omework Help Problem 3-3 A dry cleaner uses exponential smoothing to forecast equipment usage at its...
Problem 3-3 A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant....
Problem 3-3 A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 80 percent of capacity; actual usage was 81 percent of capacity. A smoothing constant of 0.3 is used. a. Prepare a forecast for September. (Round your final answer to 2 decimal places.) Forecast for September percent of capacity b. Assuming actual September usage of 82 percent, prepare a forecast for October usage. (Round your answer...
Adry cleaner uses exponential smoothing to forecast couipment usage at its main plant dry usage was...
Adry cleaner uses exponential smoothing to forecast couipment usage at its main plant dry usage was forecast to be 9096 and actual usage was 95% of capacity. A smoothing constant of 0.1 is in use. 1) Prepare a forecast for February m) Assuming actual February usage was 97%, prepare a forecast for March usage
Please help. Im stuck on the exponential smoothing part of this problem. Here are the actual...
Please help. Im stuck on the exponential smoothing part of this problem. Here are the actual tabulated demands for an item for a nine-month period (January through September). Your supervisor wants to test two forecasting methods to see which method was better over this period. MONTH ACTUAL January 110 February 130 March 150 April 170 May 160 June 180 July 140 August 130 September 140 a. Forecast April through September using a three-month moving average. (Round your answers to 1...
An analyst is using exponential smoothing to forecast the daily demand for a key product. The...
An analyst is using exponential smoothing to forecast the daily demand for a key product. The analyst starts with a naive forecast for time period 2, then begins using exponential smoothing with a smoothing constant of 0.15. The table below shows some of the calculations. period actual forecast 1 125 2 136 125 3 144 126.65 4 157 129.25 5 181 ? What is the predicted demand for time period 5? Round your answer to two decimal places. Period Actual...
need help with the 3rd part Lenovo uses the ZX-81 chip in some of its laptop...
need help with the 3rd
part
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Price Per Chip $1.90 $1.61 $1.60 $1.85 $1.90 $1.95 Month July August September October November December Price Per Chip $1.80 $1.85 $1.60 $1.57 $1.62 $1.75 This exercise contains only part d. With a = 0.1 and the initial forecast for October of $1.83,...
Week Of August 31 September 14 September 2 Pints Used 350 370 410 378 366 374...
Week Of August 31 September 14 September 2 Pints Used 350 370 410 378 366 374 October 5 a) The forecasted demand for the week of October 12 using a 3-week moving averagepints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.10. 0.35, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12pints (round your response to two decimal places and remember to...
The following table gives the number of pints of type A blood used at Damascus Hospital...
The following table gives the number of pints of type A blood
used at Damascus Hospital in the past 6 weeks:
The following table gives the number of pints of type A blood
used at Damascus Hospital in the past 6 weeks:
The following table gives the number of pints of type A blood
used at Damascus Hospital in the past 6 weeks:
a) The forecasted demand for the week of October 12 using a
3-week moving average =_________ pints...
Assume that your stock of sales merchandise is maintained based on the forecast demand. If the...
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...
Exponential smoothing with w = 0.70 has been used to calculate forecast values F based on...
Exponential smoothing with w = 0.70 has been used to calculate forecast values F based on the actual demand data Y. Time Period Y F 1 119.5 123.4 2 121.5 120.67 3 122.6 121.251 What is the mean absolute deviation (MAD) of the forecasts? Round to two decimal places.
Pints Used 360 Week Of August 31 September 7 September 14 September 21 September 28 October...
Pints Used 360 Week Of August 31 September 7 September 14 September 21 September 28 October 5 370 408 381 368 371 a) The forecasted demand for the week of October 12 using a 3-week moving average = 373.33 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.20, 0.30, and 0.50, using 0.50 for the most recent week, the forecasted demand for the week of October 12 = 372.10 pints...
Adry cleaner uses exponential smoothing to forecast couipment usage at its main plant dry usage was forecast to be 9096 and actual usage was 95% of capacity. A smoothing constant of 0.1 is in use. 1) Prepare a forecast for February m) Assuming actual February usage was 97%, prepare a forecast for March usage
need help with the 3rd
part
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Price Per Chip $1.90 $1.61 $1.60 $1.85 $1.90 $1.95 Month July August September October November December Price Per Chip $1.80 $1.85 $1.60 $1.57 $1.62 $1.75 This exercise contains only part d. With a = 0.1 and the initial forecast for October of $1.83,...
Week Of August 31 September 14 September 2 Pints Used 350 370 410 378 366 374 October 5 a) The forecasted demand for the week of October 12 using a 3-week moving averagepints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.10. 0.35, and 0.55, using 0.55 for the most recent week, the forecasted demand for the week of October 12pints (round your response to two decimal places and remember to...
The following table gives the number of pints of type A blood
used at Damascus Hospital in the past 6 weeks:
The following table gives the number of pints of type A blood
used at Damascus Hospital in the past 6 weeks:
The following table gives the number of pints of type A blood
used at Damascus Hospital in the past 6 weeks:
a) The forecasted demand for the week of October 12 using a
3-week moving average =_________ pints...
Pints Used 360 Week Of August 31 September 7 September 14 September 21 September 28 October 5 370 408 381 368 371 a) The forecasted demand for the week of October 12 using a 3-week moving average = 373.33 pints (round your response to two decimal places). b) Using a 3-week weighted moving average, with weights of 0.20, 0.30, and 0.50, using 0.50 for the most recent week, the forecasted demand for the week of October 12 = 372.10 pints...
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