Question

Forecasting Method Selection A tax accountant who calculates the total demand for her services from the...

Forecasting Method Selection

A tax accountant who calculates the total demand for her services from the past four years and divides by four to forecast demand for the next year is using which of the following?

A) Exponential Smoothing

B) Weighted Average

C) Linear Regression

D) Moving Average

E) Delphi Method

0 0
Add a comment Improve this question Transcribed image text
Answer #1

PL RATE

A tax accountant who calculates the total demand for her services from the past four years and divides by four to forecast demand for the next year is using which of the following?

THE CORRECT OPTION IS

D) Moving Average

Add a comment
Know the answer?
Add Answer to:
Forecasting Method Selection A tax accountant who calculates the total demand for her services from the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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
  • The number of heart surgeries performed at Heartville General Hospital has increased steadily over the past...

    The number of heart surgeries performed at Heartville General Hospital has increased steadily over the past several years. The hospital's administration is seeking the best method to forecast the demand for such surgeries in year 6. The data for the past five years are shown below. 4 Year Demand 1 44 2 47 3 53 5 58 55 The hospital's administration is considering the following forecasting methods. Begin error measurement in year 3, so all methods are compared for the...

  • Assignment 2. Using traditional methods of forecasting) The ABC Company has provided us with the following...

    Assignment 2. Using traditional methods of forecasting) The ABC Company has provided us with the following data on the demand for their product (stated in 1000 units) during the last 8 years. Years2 3 45 678 A)- Use a three-year moving average to forecast demand for year 9. If the actual B)- Predict the demand for years 9 and 10, using the Exponential smoothing C)- Use linear regression to forecast the demand for years 9 and 10 Demand 5.0 8.3...

  • Different types of time-series forecasting models and their applicability in different organizations are given below: 1.      ...

    Different types of time-series forecasting models and their applicability in different organizations are given below: 1.       Naive approach: In naive approach, demand for the next period is assumed to be same in the most recent period. This method can be used in economic and financial time series analysis. It can be used to forecast demand for mature products having level or seasonal demand without a trend. 2.       Moving average: This method uses a number of historical data to determine the...

  • As you can see in the following table, demand for heart transplant surgery at Washington General...

    As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: Year 1 , Year 2 , Year 3, Year 4, Year 5, Year 6: 48, 50. 53, 54, 60? The director of medical services predicted 6 years ago that demand in 1 year would be 41 surgeries. a) Use exponential smoothing, first with a smoothing constant of .6 and then with one of .9 ,...

  • Forecasting Models. This is one problem that requires the use of Excel newly created, blank Excel...

    Forecasting Models. This is one problem that requires the use of Excel newly created, blank Excel file, with no use of copy and pasting anything into the spreadsheet or use any kind of a template. (a) Calculate the forecast of Jeannette's GPA for the fall semester of her senior year using a 3-period moving average. (b) Calculate the forecast of Jeannette's GPA for the fall semester of her senior year using a 3-period weighted moving average, with the weights 1,...

  • please answer quickly all questions .thanks Question 6 Systems that allow customers to purchase products and...

    please answer quickly all questions .thanks Question 6 Systems that allow customers to purchase products and have them delivered in different ways are called single-channel marketing systems multichannel marketing systems O multichannel buying systems multichannel business systems Question 7 In order to be useful, demand forecasts should be rurale complex content time-consuming Question 8 Exponential smoothing and weighted moving average are examples of time series analysis causal methods qualitative methods simulation methods Question 9 Past behavior of demand is indicative...

  • Demand Forecasting for the Inner-city Health Center Inner City Health Center is a federally funded health...

    Demand Forecasting for the Inner-city Health Center Inner City Health Center is a federally funded health clinic that serves the needs of the inner-city poor. Currently the center is at the end of third-year operation and is preparing its staffing plan for the upcoming year. The federal government requires that the center prepare a budget request each year. The request is based largely on the forecast of the # of Patient Visit for specific services during the next year. The...

  • Examples 1,2,3 1. Beyond Tea Inc. wants to forecast sales of its menthol green tea. The...

    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...

  • Pricilla Phashions Pricilla Phranklin opened her new clothing store, Pricilla Phashions, in downtown Dover. Pants s...

    Pricilla Phashions Pricilla Phranklin opened her new clothing store, Pricilla Phashions, in downtown Dover. Pants skirts, blouses, and shirts have fairly consistent sales, while things like shorts, sweater and outerwear are highly seasonal. On the other hand, dresses are a little harder to predict. Pricilla is hiring you to arrive at the best forecasting method for dresses. The following table contains three years of dress sales data Year 1 Year 2 Year 3 Demand Month Demand Demand 155 181 177...

  • TEST, I need Help A.S.A.P PLease!!! I need to submit this within the next hour and a half. It's...

    1. Regression is always a superior forecasting method to exponential smoothing, so regression should be used whenever the appropriate software is available. (Points :1)TrueFalse2. Time-series models rely on judgment in an attempt to incorporate qualitative or subjective factors into the forecasting model. (Points : 1)TrueFalse3. A trend-projection forecasting method is a causal forecasting method. (Points : 1)TrueFalse4. Qualitative models attempt to incorporate judgmental or subjective factors into the forecasting model. (Points : 1)TrueFalse5. The naive forecast for the next period...

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