The following data represent the number of sweatshirts sold for each of the past six days for a department store.
Day |
Sales |
---|---|
1 |
7 |
2 |
12 |
3 |
8 |
4 |
4 |
5 |
9 |
6 |
14 |
Using an exponential smoothing with trend adjustment technique with alpha equal to 0.3 and beta equal to 0.6, what is the sales forecast for Day 7? Round to the final answer to one decimal place.
The following data represent the number of sweatshirts sold for each of the past six days...
The following data represent the number of sweatshirts sold for each of the past six days for a department store. Day 2 4 Sales 12 8 4 14 Using an exponential smoothing technique with alpha equal to 0.4, what is the forecasting error for pay 4 OA. -4.6 O B. 6.0 C. OD. 8.8 The following data represent the number of complaints per month that customer service received at a large retailer over the last 15 months. Month Complaints 10...
4. The following data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July. (a) Forecast sales of jeans for March through June using the naive method, a two-period moving average, and exponential smoothing with an a = 0.2. (Hint: Use naive to start the exponential smoothing process.) (b) Compare the forecasts using MAD and decide which is best. (c) Using your method of choice, make a forecast for...
The following data represent the number of refrigerators sold for each of the past five months for Templeton Appliances. Month Sales 1 25 2 20 3 40 4 35 5 30 1. Using two-period simple moving average to fill the rest of the table 2. Using forecasting command ,The sale forecast for Month 6 is 3. Using forecasting command , The sale forecast for Month 7 is
The following is the data of recent refrigerator sales at a local Home Depot store. Month 1 2 3 4 5 Actual Sales 95 100 80 90 ??? Inputs will be exact numbers. What is the forecasted sales in month 5 using naive approach. Please use a 2-month simple moving average method to forecast sales in month 5. Please use a weighted moving average method, with weights of 0.6 one period ago, 0.3 two periods ago, and 0.1 three periods...
11-14 Highland Automotive wishes to forecast the number of new cars that will be sold next week. The following table summarizes the number of new cars sold during each of the past 12 weeks: (PLEASE ANSWER BY USING EXCEL) week number sold 1 22 2 26 3 23 4 27 5 21 6 25 7 28 8 26 9 29 10 29 11 27 12 31 (a) Provide a forecast by using a 3-week weighted moving average technique with weights...
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...
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...
Problem 4.11 EQuestion Help the following table Data collected on the yearly registrations for Six Sigma seminar at the Quality College are shown 4. Year 5 6 7 9 10 11 1 5.00 9.00 Registrations (000) 7.00 5.00 4.00 8.00 6.00 11.00 12.00 12.00 15.00 a) Calculate the forecasted registrations for years 2 through 12 using exponential smoothing, with a smoothing constant (a) of 0.40 and a starting forecast of 6.00 for year 1 (round your responses to one decimal...
Sales of quilt covers at Bud Banis's discount department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): MonthJulAugSepOctNovDecJanFebMarAprMayJunUnit Sales98979611012412092831019890110Management's Forecast--------122116110110a) MAD for the forecast developed by the management's technique = _______ sales (round your response to two decimal places).MAPE for the forecast developed by the management's technique = _______ %(round your response to two decimal places).b)...
The following data represent the number of days absent per year in a population of six employees in a small company: 1 3 6 7 9 10 a. Compute the standard deviation of all the sample means. How does the standard deviation of the sample means and the population standard deviation compare?