Using a weighted moving average with weights of 0.55, 0.35, and 0.15, for periods 3, 2, and 1 respectively, find the forecast for period 4. Period, X -2 -1 1 2 3 Select one: Output, Y 4 8 9. 10 a. 9.38 b. 10.0 c. 8.25 d. 13.25
Q: Month Actual Demand 1 62 2 65 3 67 4 68 5 71 73 7 76 8. 78 9. 78 10 80 11 84 12 85
A: Given information Month Actual Demand 1 62 2 65 3 67 4 68 5 71 6 73 7 76 8 78…
Q: I Using a numerical example, demonstrate to Mr. Ferdinand how he can use a three- week and a…
A: Forecasting the future demand/sales can be done by various methods like moving average, weighted…
Q: If your forecast for 2022 is 40, using the seasonal index below, what is your forecast for 2nd…
A: Seasonal forecast = Forecast for a period * Seasonal index of that period Given, Total forecast = 40…
Q: three-period moving average. A weighted average using weights of .50 (most recent), .20 and .30.…
A: forecasting is a method which helps to predict the unknown future based on the known past…
Q: Your manager is trying to determine what forecasting method to use. Based on the following…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: How did you get 106 for 7/1/2021? For the forecast, how would you calculate an exponential…
A: Exponential smoothing is a forecasting model which considering the actual demand and forecasting…
Q: Time left 0:30:19 The sales of XYZ company for the previous three periods are 45,42, and 43…
A: The following is the data provided: Period Data January 45 February 42 March 43 The…
Q: It is a common saying that the only thing certain about a forecast is that it will be wrong. What is…
A: Forecasting is the process of predicting future demand values based on historical data. The…
Q: nformation, What will be - forecast of June, using month weighted moving erage with the following…
A: Given Information:
Q: Week 1 2 3 4 5 6 7 8 9 10 Demand 20 21 27 37 26 29 36 20 25 28 The forecast for weeks 2 through 10…
A: Forecasting is the procedure of doing estimations of upcoming activities on the basis of past and…
Q: What is the value of your forecast? PX If instead the weights were 20, 15, 15, and 10, respectively,…
A: ANSWERS ARE GIVEN BELOW:
Q: Period 1 2 3 4 5 6 3. Using the table below, forecast using exponential smoothing. Assume the Alpha…
A:
Q: a) Using a weighted moving average with three periods, determine the demand for period 13. Use 3, 2,…
A: Forecasting is the process of predicting future data based on previous or past data and information.…
Q: Week Cheeseburger Sales 1 354 2 344 3 368 4 317 5 361 Based on historical observations…
A:
Q: Explain the forecasting term with the help of least squares ?
A: Least Squares Method The least squares technique is a type of mathematical regression analysis that…
Q: Consider the following information: Year Quarter Actual Sales (000) 2018 1 20 2 15…
A: The trend projection method depends with the understanding that the elements obligated for the…
Q: ind Naïve Forecast, Moving Average and Weighted Average based on the data given at the below table.…
A: In the question, we have monthly data for the year 2018, I would apply forecasting techniques to get…
Q: Find four years weighted moving average? Forecast for 2019 with weights 1,4,2, ….. , Also find…
A: Given data is
Q: (Round your answers to 2 decimal places.) Complete the table above, filling in the "Forecast for…
A: Forecast refers to the estimation of the future happening according to the previous and current data…
Q: ii. The last seven weeks of sales at KC car dealership can be seen in Table 2 below. Table 2 Week…
A: Week Sales 1 25 2 30 3 27 4 31 5 27 6 29 7 30 8
Q: Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the…
A: Given table- Year Sales 1 450 2 502 3 520 4 570 5 575
Q: Given the following history, use a three-quarter moving average to forecast the demand for the third…
A: 3 -period moving average forecast = At-1+At-2+At-33 Where, At-1= Actual data of previous period t…
Q: Given the following historical data, what is the moving-average forecast for period 6 based on the…
A: Determine the moving-average forecast for Period 6 based on the last three period:
Q: Period 1 2 3 4 5 6 1. Compute the four period moving average forecast for period 6 and 7. Assume the…
A:
Q: (a) Compute the forecast sale using a = 0.20 and a = 0.35 respectively, (b) solve for MAD, SSE, MSE,…
A: Forecasting is the process of estimating the future demand using previous or historic data or…
Q: Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for…
A: Given-
Q: Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures:…
A: The concept used here is forecasting evaluation using Mean absolute deviation and Mean square error…
Q: c) The forecast for year 6 using a weighted 2-year moving average with weights of 0.35 and 0.65 (the…
A: Forecasting is the process of prediction in which sales demand is estimated using historic…
Q: Exotic Wines, Inc. wants to use exponential smoothing with α = 0.35 to forecast demand in bottles…
A: The detailed solution of the question is given in Step 2.
Q: Can you either overestimate or underestimate the actual sales number for a poor forecast?
A: A forecast is a foresight of whatever will occur. While usually practiced in the circumstances of…
Q: Plot the demand data. What do you observe? Forecast XR-42S demand for month 7, using a weighted…
A: Given data - Month Number of lenses sold 1 12 2 17 3 15 4 20 5 18 6 23
Q: QUESTIONS All Ans to 3 Decimal Places Use the Naiive method to forecast for Feb -Aug 2021 2…
A: As per our guidelines, we are supposed to answer only three sub-parts if multiples sub-parts are…
Q: Given below are the demands of a certain product over the past 10 weeks. Week | 1 | 2 | 3| 4 | 5 6 |…
A: Since you have submitted multiple questions with multiple subparts as per guidelines I have answered…
Q: How would you conduct a trend analysis? Provide an example.
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: b. Using exponential smoothing with a = 0.40, if the exponential forecast for week 3 was estimated…
A: Exponential smoothing is a forecasting model which helps to identify forecasting value using the…
Q: a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the…
A: A weighted moving average forecast is a forecast of future values based on past values. A weighted…
Q: 2. Using the same table above, compute the weighted moving average forecast for demand for four…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: Which forecasting technique can place the most emphasis on recent values? How does it do this?
A: The forecasting technique that can place the most emphasis on recent values is exponential smoothing…
Q: What is the concept of seasonality? How do we forecast based on seasonal data?
A: Seasonality of time series data refers to the phenomenon of recurrent up and down periods in series…
Q: Forecast sales for the 11th period. For leveling, use exponential smoothing 0.20 and moving average…
A: Use exponential formula = α×Actual demand+(1-α)×previous demand
Q: October 5 a) Forecast the demand for the week of October 12 using a 3-week moving average. b) Use a…
A:
Q: Let's say you are playing the stock market and below period 2020 data was provided. For "stock A"…
A: The answer is as below
Q: a) Using exponential smoothing, with a = .6, then trend analysis, and finally linear regression,…
A: given,
Q: What is the expected sales for the 7th week based on 3 period moving average. What is the forecast…
A: Forecasting is the process of predicting the future demand using previous or historic information.
Q: Local city government statistics show the rate of new driver’s license applications to be as…
A:
Q: Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for…
A:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Using the trend projection manual method, forecast demand for transmission repairs for periods 11 and 12 2. With the aid of a well labeled diagram, describe the transformation process at One Stop Car Repairs. 3. Is One Stop Car Repairs a service facility or a manufacturing facility
- Chambers Hotel use the simple exponential smoothing technique to forecast its occupancy for every Saturday since its opening 10 weeks ago. The actual demand for last Saturday was 42 rooms. The calculated forecast was 50 rooms. A 0.30 weight is given to the most recent demand last Saturday. The forecast for the coming Saturday is Select one: O a. 48.20 O b. 47.90 O C 47.60 O d. None of the aboveUsing the data below, what is the value of MAD? Week Time Serles Value Forecast 6. 4.00 5 7.00 4 6.00 4 4.00 Submit Answer format: Number: Round to: 2 decimal places.Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. Year Forecast Demand 1 60 2 79 3 81 4 5 84 84 Currently the manufacturer has seven machines that operate on a two-shift (eight hours each) basis. Twenty days per year are available for scheduled maintenance of equipment with no process output. Assume there are 250 workdays in a year. Each manufactured good takes 25 minutes to produce. a. What is the effective capacity of the factory? b. Given the five-year forecast, how much extra capacity is needed each year? c. Does the firm need to buy more machines? If so, how many? When?
- Dwayne Cole, owner of Florida firm that manufactures display cabinets, develops an 8-month aggregate plan. Demand and capacity (in units) are forecast as follows: Сараcity Jan Feb Mar Apr Маy Jun Jul Aug Source (Units) Regular 235 255 290 300 300 290 300 290 Time 30 19 Overtime 20 Subcontract 12 24 26 24 30 28 30 16 15 17 17 19 20 Demand 255 294 321 301 330 320 345 340 The cost of production each unit is $1000 on regular time, $1300 on overtime, and $1800 on a subcontract. Inventory carrying cost is $200 per unit per month. There is no beginning or ending inventory in stock, and no backorders are permitted from period to period. Let the production workforce vary by using regular time first, then overtime and then subcontracting. a) Set up a production plan that minimizes cost by producing exactly what the demand in each month. This plan allows no backorders or inventory. What is this plan's cost? b) Through better planning, regular time production can be set at exactly the same amount,…After deciding to have three machines to meet the forecast demand for the coming five years, you are considering the following information to decide on the best machines to buy. Alternative Economic life Investment/machine Salvage value/machine Capacity Italian 9 $200000 12000 100 unit/hour German 9 $250000 25000 100 unit/hour Japanese 9 220000 30000 100 unit/hour You are expecting to sell 2500 units a day 5 days a week at a unit cost of $3 with annual incease of 1%. Labor per hour per machine is $10 and expected to remain the same over the whole period. Annual material cost (including waste) is expected to be $250000 for the German machine, $220000 for the Italian and $200000 for the Japanese. Maintenance and other operating expenses (excluding depreciation) are expected to total $180000 per year with annual increase of 3%. Which machine would you buy if the the cost of capital (discount rate is 12%).Determine Fall's seasonal factor from the information below. Seasons Past Sales Spring 350 Summer 200 Fall 600 Winter 450 Total 1,600 Group of answer choices a. 0.8 b. 1.8 c. 2.5 d. 1.5 e. 2.0
- Pls do fast and i will give like for sure Solution must be in typed form If next years total sales are forecasted to be 4536 and the cyclical index for the busiest month was 1.77, what would the forecasted demand be for that busiest month? a. 703 b. 7982 c. 669 d. 378Kwame after his National Service and with no hope of securing a job in the formal sector has decided to run a taxi service. The following forecast has been made for the operation of a service between Abisim and Sunyani. i) Revenue totaling GH¢300 a week for 52 weeks in a year. This is net of fuel and other variable costs. ii) Tyres; four pieces for a year at GH¢120 per unit. iii) Maintenance and servicing; GH¢120 per month. iv) Salaries GH¢3,000 per year v) Insurance GH¢350 per year The net cash flow will increase at 5% per annum for the next five years due to inflation. The cost of the vehicle is estimated at GH¢28,000. The project appears quite profitable based on the NPV criteria using the Government policy rate of 26%. However the banks are offering rates far higher than the policy rate. Required: You are to calculate the break-even rate for the project.Operations Management Fall20 Using exponential smoothing method, forecast the demand for the fourth period. The historical demand for the previous three periods is 41, 42, and 43 respectively, assume Alpha =0.9 (Round to 2 decimals) 11 J لم يتم الجابة عليه اخترأحد الخيارات 2.00 jo yall Lis ale P Jljull a. 42.89 O b. 42.8 O C. None is correct O d. 42 O e. 41.92 O 0:55:09 aali 1950 d) ENG 01/12/2020 Nevt O Type here to search