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 4 5 6 7 8 9 10 Demand 19 21 28 38 26 30 36 24 25 30 Forecast 19.0 19.55 19. 119.55 19.55 30.99 30.99 28.25 28.25 28.66 28.66 32.70 32.70 25.71 25.71 25.987 25.87 nothing b) For the forecast developed using exponential smoothing (alpha = 0.55 and initial forecast 19.0), the MAD = nothing sales (round your response to two decimal places). c) For the forecast developed using exponential smoothing (alpha = 0.55 and initial forecast 19.0), the tracking signal = nothing (round your response to two decimal places).
week | actual | forecast | abs error | at -ft |
1 | 19 | 19 | ||
2 | 21 | 19 | 2 | 2 |
3 | 28 | 20.1 | 7.9 | 7.9 |
4 | 38 | 24.445 | 13.555 | 13.555 |
5 | 26 | 31.90025 | 5.90025 | -5.90025 |
6 | 30 | 28.65511 | 1.3448875 | 1.3448875 |
7 | 36 | 29.3948 | 6.605199375 | 6.605199375 |
8 | 24 | 33.02766 | 9.027660281 | -9.02766028 |
9 | 25 | 28.06245 | 3.062447127 | -3.06244713 |
10 | 30 | 26.3781 | 3.621898793 | 3.621898793 |
MAD | 5.890815897 | 17.03662826 | ||
Tracking signal | 2.892065982 |
Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10...
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 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 21 21 28 36 26 29 35 20 25 30 a) The forecast for weeks 2 through 10 using exponential smoothing with alpha = 0.55 and a week 1 initial forecast of 21.0 are (round your responses to two decimal places): Week 1 2 3...
The following table contains the demand from the last 10 months: MONTH ACTUAL DEMAND 1 36 2 38 3 40 4 41 5 43 6 42 7 43 8 45 9 46 10 48 a. Calculate the single exponential smoothing forecast for these data using an α of 0.30 and an initial forecast (F1) of 36. (Round your intermediate calculations and answers to 2 decimal places.) b. Calculate the exponential smoothing with trend forecast for these data using an α...
8. The table below shows the past 10 weeks of actual sales (y) and forecast sales for the next period (Øt+1): Forecast for Week Sales next period 400 400 430 420 440 460 406 408.80 415.04 424.03 427.23 435.78 434.62 440 470 430 435.70 9 440 420 432.56 10 If the actual sales for week 11 were 410, what would the Exponential Smoothing model predict for the sales in week 12 for a=0.20? Page 19 of 20
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)...
46. Consider the sales for six consecutive weeks for Sam’s Strawberries. The sales are in “flats” sold. Week Sales 1 16 2 18 3 14 4 10 5 20 6 22 I just need the answer of E . E problem a. Using a moving average with AP = 3, forecast the sales for weeks four through six. What is the forecast for week 6? 14.7 b) Use...
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...
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,...
Starbucks has a large, global supply chain that must efficiently supply over 17,000 stores. Although the stores might appear to be very similar, they are actually very different. Depending on the location of the store, its size, and the profile of the customers served, Starbucks management configures the store offerings to take maximum advantage of the space available and customer preferences. Starbucks' actual distribution system is much more complex, but for the purpose of our exercise let's focus on a...