1. Using a two-month moving average, what are the expected sales for June? 2. Using a three-month moving average, what are the expected sales for June?
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Use the following sales data to answer the questions.
Month Sales
January $250,000
February $200,000
March $300,000
April $350,000
May $450,000
1. Using a two-month moving average, what are the expected sales for June?
2. Using a three-month moving average, what are the expected sales for June?
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- Under what conditions might a firm use multiple forecasting methods?Smart Phone covers sales for the past 12 months is given below. Management forecast's for the months of March, April, May, and June are listed Month Unit Sales Management's Forecast Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 100 95 95 112 126 118 95 85 101 94 89 110 122 114 108 112 a) What is the MAD for the forecast developed by management sales (round your response to two decimal places) What in the MAPE for the forecast developed by management % (round your response to two decimal places). %3DGiven the following history, use a three-quarter moving average to forecast the demandfor the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2ndquarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DECLast year 120 140 145 195 205 220 165 155 145 220 245 265This year 140 145 200 210 240 255
- Which type of analytics is used to know the effect of product price on sales. OA) predictive OB) forecast C) prescriptive D) descriptiveYear Season Sales 2018 Winter 40 2018 Spring 29 2018 Summer 31 2018 Fall 40 2019 Winter 102 2019 Spring 87 2019 Summer 96 2019 Fall 132 2020 Winter 105 2020 Spring 93 2020 Summer 105 2020 Fall 117 2021 Winter 141 2021 Spring 39 2021 Summer 114 2021 Fall 123 What is the slope of the trend equation obtained by linear regression? Round to two decimal digits. What is the intercept of the trend equation obtained by linear regression? Round to two decimal digits. What is the seasonal index for Spring? Round to two decimal digits. The quarter number for Winter of 2018 is 1. What is the quarter number for Spring of 2025? What is the trend based forecast for Spring of 2025. Round to a whole number. What is the seasonally adjusted trend based forecast for Spring of 2025? Please do not use excel to find the slope and intercept, thank you so much!4 .Substitute for Problem # 4 on in attachment)-Calculate the MAD,revised MAD and the Revised Forecast for months 1-6 for the following three groups,where the Forecast stands for Forecast Demand.Has your forecast improved ? Tell me how would you go about improving the revised forecast( for each of the three groups)without actually doing so? Estate Planning Group Auditing and Accounting Group Business Consulting Group Month Actual Demand Forecast Actual Demand Forecast Actual Demand Forecast 1 100 125 270 230 140 135 2 90 125 240 230 130 135 3 110 125 280 230 160 135 4 115 125 260 230 180 135 5 130 125 300 230 200 135 6 115 125 220 230 190 135
- What is the linear trend forecast for September? Month Month Sales Feb 1 19 Mar 2 18 Apr 3 15 May 4 20 Jun 5 18 Jul 6 22 Aug 7 20A retail manager seeks a better way to forecast the demand for LED light bulbs. She believes the demand is related to advertising expenditure. The table below shows historical data for the past 5 months. A) Is there a relationship between sales and advertising? How strong or weak? B) The company will spend $1,750 next month on advertising. Determine the forecast for sales? Historical Data: Month 2 3 4 5 Sales 264.000 116.000 165.000 101.000 209.000 Advertising $2.500 $1.300 $1.400 $1.000 $2.000Evaluate what is the purpose of a forecast. What factors does a firm use to create its forecasts of future sales, income, expenses, and capital expenditures?
- What factors make forecasting at Deckers particularly challenging? Howcan forecasts be made for seasonal, fashionable products for whichthere is no history file? What are the costs of over-forecasting demandfor such items? Under-forecasting?(b) Demand history of five different products of a company is shown below. Products 2012 2013 2014 2015 2016 2017 2018 2019 2020 A 37 40 41 45 49 26 34 30 26 23 33 28 32 C 58 55 32 38 45 56 62 70 77 86 95 83 88 81 92 85 i. Name the methods that is suitable to forecast the demand of the above five products? ii. Forecast demand of the product B or D with error for the year 2021. If you need a value of a then consider it 0.7.tions Management Spring21 Time left 0:30:19 Qui The sales of XYZcompany for the previous three periods are 45, 42, and 43 respectively. Estimate the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial forecast (Round to 2 decimals) O a. 42.8 O b. 41 Mar O C. None is correct 12- O d. 43.25 O e. 41.92 S PAGE NEXT PAGE Finish TOSHIBA F11 F17 F9 F10 F6 F7 F8 F5 F3 F4 60 AH
