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- 2. Montyboy Pet Shop ships boxed can dogfood anywhere in the country. Using the following information, forecast the shipments for the first four months. Seasonal Relative Month January February March 1.2 1.3 1.3 1.1 0.8 0.7 The monthly forecast equation being used is: Yt = 402 + 3t April May June Where: to = January last year Yt = number of shipments Month July August September October November December Seasonal Relative 0.8 0.6 0.7 1.0 1.1 1.4 Question: Determine the trend amounts for the first four months of the next year assuming January, t=24; February, t=25; etc. Note: Round answers to whole numbers.Short-range forecasts tend to ________ longer-range forecasts. A. deal with more comprehensive issues than B. use Delphi method approaches more often than C. None of these answers are correct D. employ the same methodologies as E. be less accurate thanQuestion 1 The below graph plots the daily prices of Gold over time. a) Examine the plot and describe the issues that may arise using this time series data for forecasting. Offer solutions to these issues. b) Offer a suitable forecasting method for this data. р об 600- 500- 400- 300- mm der demate my Marmar 200 - 400 600 Time 800 1000
- Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast the number of employees who will seek appointments. The director has gathered the following time series data recently Period Employee Appointments 4 weeks ago 95 3 weeks ago 80 2 week ago 65 last week 50 a. What would naive forecasting suggest as the number of employee appointments that can be expected this week? " b. b. What is this week's forecast for employee appointments using a 3-week moving average? What would the same forecast be using a 2-week moving average?"How Forecasts is compared with predicted values? why these both terms are different?Director Very Busy needs to allocate time this week for office appointments, so he needs to forecast the number of employees who will seek appointments. The director has gathered the following time series data recently Period Employee Appointments 4 weeks ago 95 3 weeks ago 80 2 week ago 65 last week 50 a. What would naive forecasting suggest as the number of employee appointments that can be expected this week? "b.
- Which of the following approaches can help you mitigate the challenges of poor forecasts? a. Obtain and use the best, most recent information available b. Always use simple forecasting techniques c. Build flexible operations d. Minimize inventory Oe. All of the above Of. a and c'only g. b and d onlyforecasts? 7. Contrast the use of MAD and MSE in evaluating forecasts. 8. What advantages as a forecasting tool does exponential smocA police station had to deploy a police officer for an emergency multiple times in the last four evenings. The table below shows the number of emergencies each evening. Weekday Number of calls each day Monday Tuesday Wednesday 9. 12 Thursday 12 What would be their forecast for Friday using a naïve forecasting approach? Forecast for Friday calls KPrev 4 of 5 Next
- Homework i ed ok ences Aft کے 2 The forecasted demand for Week 20 is places.) b. Use the above trend equation to predict expected loadings for Weeks 20 & 21. (Round your final answers to 2 decimal A- W It should reach 870 loadings in Week # 3 decimal places.) c. The manager intends to install new equipment when the volume exceeds 870 loadings per week. Assuming the current trend continues, in which week (at the earliest) should the loading volume reach that level? (Use the rounded answers, as required, from any previous part of this problem. Do not round any other intermediate calculations. Round your final answer to 2 €1 + E C Q Search $ 4 R V C % 5 G M F9 JK 9 " F10 Alt F11 ✩ P น Ctrl 8 Help Save & Exit Submit F12 C PrtSc + 11 Insert Home 1 3/23/2023 Delete Backspace PgUp ErI Consider the demand for trading cards listed below. Month Demand Jan. 51,000 48,000 Feb. March 55,000 April May 58,000 66,000 June 69,000 80,000 July Aug. 95,000 Use Excel to prepare a forecast for September, October, and November using linear regression Print out the sheet of results, as well as a sheet containing the formulas that you used ( can be used to toggle between displaying values and displaying formulas or you can click on Formulas>Formula Auditing→Show Formulas.) and for the cars is 16.0001.Why does a business cycle diagram serve as a forecasting model? 2.Name TWO coincident indicators used in forecasting.