ZuoTi.Pro
Question

Given the following history, use a three-quarter moving average to forecast the demand for the third...

Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec.

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Last year 170 200 210 240 250 270 225 215 215 275 280 300
This year 205 210 140 255 245 220

Forecast for the third quarter____________________

business   Operations-Management   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

In order to calculate the three quarter moving average, we need to have the demand for the year 1 quarter 4, year 2 quarter 1, year 2 quarter 2.



QUARTER

VALUE !

VALUE 2

VALUE 3

Y1Q4

275

280

300

855

Y2Q1

206

210

140

556

Y2Q2

255

245

220

720

2131


NOW:

The forecast for the next quarter is the average of the past three quarters.

= 2131 / 3 = 710.34


0 0
Add a comment
Know the answer?
Add Answer to:
Given the following history, use a three-quarter moving average to forecast the demand for the third...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 1)Given the data in the table, calculate the four period moving average forecast for unemployment...

    1)Given the data in the table, calculate the four period moving average forecast for unemployment rate for October 2011. Express your result in percent, without the percent sign (e.g., 7.3 for 7.3%). Unemployment Year Month Rate (%) 2010 Oct 6.8 Nov 7.0 Dec 7.5 2011 Jan 8.0 Feb 8.2 Mar 8.5 Apr 8.6 May 8.6 Jun 8.9 Jul 9.1 Aug 8.8 Sep 8.7 Oct

  • Moving average (MA) Calculate the sales using 2, 3, 4, 5, and 6 month moving average...

    Moving average (MA) Calculate the sales using 2, 3, 4, 5, and 6 month moving average values. Forecast and plot the upcoming period’s sales using the moving average series that fits best. Explain why you chose that particular MA. Why is it inadvisable to use the Moving Average approach to forecast far into the future? Month Sale Month Sale Month Sale Oct-12 13.30 Oct-13 24.01 Oct-14 50.56 Nov-12 1.70 Nov-13 32.67 Nov-14 60.06 Dec-12 11.44 Dec-13 23.19 Dec-14 61.73 Jan-13...

  • The human resources department needs to forecast the number of employees at a site. The data...

    The human resources department needs to forecast the number of employees at a site. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used here is the 7 month moving average. Please round your forecast to the nearest whole number Nov 2019: 956 Oct 2019: 1014 Sep 2019: 1009 Aug 2019: 963 Jul 2019: 966 Jun 2019: 1024 May 2019: 1045||Apr 2019: 1047 Mar...

  • If there are any seasonality or relationship between the price and the US oil price? How...

    If there are any seasonality or relationship between the price and the US oil price? How to analyze? Jan-10 2.769 Jan-11 3.148 Jan-12 3.44 Jan-13 3.391 Jan-14 3.392 Feb-10 2.699 Feb-11 3.264 Feb-12 3.64 Feb-13 3.736 Feb-14 3.434 Mar-10 2.824 Mar-11 3.615 Mar-12 3.907 Mar-13 3.779 Mar-14 3.606 Apr-10 2.9 Apr-11 3.852 Apr-12 3.958 Apr-13 3.638 Apr-14 3.735 May-10 2.89 May-11 3.96 May-12 3.791 May-13 3.675 May-14 3.75 Jun-10 2.785 Jun-11 3.735 Jun-12 3.596 Jun-13 3.689 Jun-14 3.766 Jul-10 2.782...

  • Given the following data, what is the Mean Absolute Deviation (MAD): Month Demand Forecast Jan 100...

    Given the following data, what is the Mean Absolute Deviation (MAD): Month Demand Forecast Jan 100 110 Feb 100 100 Mar 120 100 Apr 110 90 May 100 110 Jun 90 100 Jul 80 90 Aug 90 80 Sep 100 110 Oct 110 100 Nov 110 110 Dec 120 110 A. 10 B. 20 C. 30 D. 133.33

  • question asking for moving average .. i used the data analysis tool in excel it gives...

    question asking for moving average .. i used the data analysis tool in excel it gives me the right answer but with wrong in sequence The normal Fourmal says = Sum of 3 months / 3 = F for the 4th month But in data analysis tool it comes in forecast of the 3rd month please let me know why it does not come in the right sequence and how to solve this issue 1 A-F^2 25.61 by using Normal...

  • calculate the monthly time-weighted and money weighted returns for shareholders in the ADKSX with using excel....

    calculate the monthly time-weighted and money weighted returns for shareholders in the ADKSX with using excel. In a text box nearby, comment on whether investors’ trading decisions have created value. Month ADKSX Return (%) ADKSX Cash Flow ($) Nov-09 3.49 -$10,648,393 Dec-09 6.93 -$618,800 Jan-10 -2.05 $940,820 Feb-10 5.74 -$2,484,437 Mar-10 5.19 -$3,699,836 Apr-10 5.48 -$1,379,757 May-10 -4.68 $2,145,936 Jun-10 -6.31 -$2,953,884 Jul-10 5.9 -$4,160,472 Aug-10 -5.18 $1,096,304 Sep-10 8.61 -$5,571,657 Oct-10 4.5 -$669,464 Nov-10 2.77 -$3,145,367 Dec-10 9.16 -$6,162,018...

  • Calculate the sample correlation coefficient rxy. Calculate the value of the test statistic. Date Energy Healthcare...

    Calculate the sample correlation coefficient rxy. Calculate the value of the test statistic. Date Energy Healthcare Jan-10 -4.87 -0.15 Feb-10 1.8 0.53 Mar-10 2.26 1.41 Apr-10 3.03 -3.75 May-10 -11.5 -5.12 Jun-10 -5.67 -0.52 Jul-10 8.73 1.49 Aug-10 -5.99 -0.97 Sep-10 10.15 8.24 Oct-10 3.89 2.28 Nov-10 2.85 -2.52 Dec-10 5.55 1.4 Jan-11 6.6 1.55 Feb-11 5.7 3.04 Mar-11 1.32 1.22 Apr-11 1.64 5.89 May-11 -4.06 2.62 Jun-11 -2.08 -0.55 Jul-11 1.14 -2.64 Aug-11 -10.41 -2.8 Sep-11 -15.06 -4.17 Oct-11...

  • Consider five years of monthly sales data for a company in the attached file (Q5.xlsx). a) Foreca...

    Consider five years of monthly sales data for a company in the attached file (Q5.xlsx). a) Forecast monthly sales for the next year (2020). (10 marks) b) Discuss whether a simple exponential smoothing model works well with this data or not. (5 m 7 9 Month Sales 747 Feb-14 697 Mar-14 1014 Jan-14 Ap4 1126 May-14 1105 Jun-14 1450 Jul-14 1633 Aug-14 1711 Sep-14 1307 Oct-1223 Nov-14 9T5 Dec-14S53 4J-15 1024 Feb-15928 Mar-151442 7Apr-151371 May-15 1536 Ju15 2004 Jul-15 1854...

  • Give 3 forecasts for January 2007. Be sure to label the units. Naïve forecast: _______________ MA(2):...

    Give 3 forecasts for January 2007. Be sure to label the units. Naïve forecast: _______________ MA(2): _______________ MA(4): _______________ Gasoline Price Example: Data are given on the 2006 monthly prices of Gasoline($/gallon). Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Gasoline 2.359 2.354 2.444 2.801 2.993 2.963 3.046 3.033 2.637 2.319 2.287 2.380 MA

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT