The historical data for 4 periods demand are 65, 60, 80, and 70 respectively. Calculate the weighted moving average (WMA) forecast of period 5 with weights (0.4, 0.6). O a. 74 O b. 77 Oc. 76 O d. None is correct O e. 72
Q: Demand for haircut at PogiPoints Barber Shop has increased steadily for the past few months as seen…
A: ANSWER IS AS BELOW:
Q: Explain the word "false" for a successful forecast?
A: A difference between real and forecasted values is referred to as "fake" in forecasting strategies.…
Q: a) Is there a strong linear trend in sales over time? b) Fill in the table with what Bob and Sherry…
A: Using excel for performing regression with Sales as the dependent variable and period as independent…
Q: Given an actual demand of 103, a previous forecast value of 99, and an alpha of .4, the exponential…
A: Forecast using the exponential smoothing method: Demand for current period = 103 Forecast for…
Q: Using exponential smoothing method, forecast the demand for the fourth period. The historical demand…
A: Exponential smoothening is a time series forecasting method that uses the previous data to forecast…
Q: Choosing between the three period and the five period forecasts, which one would you use as a…
A: Given data:
Q: The historical data for 4 periods demand are 65, 60, 80, and 70 respectively. Calculate the weighted…
A: The answers would be as follows:
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: Given the following demand data, Period Demand 57 1 2 55 3 59 4 56 5 60 a. Compute a weighted…
A: Forecasting is the process of estimation in which future demand is determined using the previous and…
Q: Given the following history, use a three-quarter moving average to forecast the demand for the third…
A: Sum of the Last Quarter = 200+260+260 = 720 Sum of Second last quarter = 165+200+175 = 540 Sum of…
Q: Given the following forecast and cost information, determine Production Costs the total cost of a…
A: Total cost = regular cost+overtime cost+subcontracting cost Given regular cost 50 overtime…
Q: Assignment What if we use a 3-month simple moving average? Kroger sells (among other stuff) bottled…
A:
Q: Consider the following actual (A,) and forecast (F,) demand levels for a commercial multiline…
A: The forecast for period 5 can be computed as follows:
Q: Daily high temperatures in st. Louis for the last week were as follows:…
A: Given information:Temperatures in last week is 33,33,38,36,43,23,28
Q: Three months ago Two months ago Last month 400 units 350 units 320 units a. Using a simple…
A: Exponential smoothing is a forecast method based on time series with focus on uni-variate data.…
Q: Over past 4 weeks, KAMM (Kuwait Arab Malls Monitor) reported a severe decline in French products…
A: Here, we could see that declination in the french products consumption, we would apply trend…
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: Given the following demand data, Period Demand 1 44 2 42 3 44 4 42 5 47 a. Compute a weighted…
A: Given data is
Q: Create a minimum cost chase plan for the forecast shown in the table. There is no beginning…
A: Given, Regular production capacity - 350 units and costs - $8 per unit. Overtime is limited to - 50…
Q: Kuwait-Arab Medical Supplies - started in January 2020 to help in protecting against COVID19. KAMS…
A: 1. Season 1 forecast with simple moving average method =(1000+4000+2000+5000)/4=3000 So, as per…
Q: 5. (a) When a new business is started, or a patent idea needs funding, venture capitalists or…
A: The process used to predict future data and analysis of the trend is known as forecasting. With the…
Q: Storrs Cycles has just started selling the new Cyclone mountain bike, with monthly sales as shown in…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: they need a good forecast so that they will know how many fabrics to purchase and stock. For the…
A: The controlling input of the exponential smoothing calculation is defined as the smoothing factor…
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: Explain how can does the number of periods in a moving average affect the responsiveness of the…
A: Moving Average (MA) forecasting calculates the average over a certain number of periods in order to…
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: Using exponential smoothing method, forecast the demand for the fourth period. The historical demand…
A: Alpha=0.9 At Ft Period Demand Forecast 1 41 41 2 42 0.9(41)+0.1(41)=41 3…
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: 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: 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: Sales of tablet computers at Ted Glickman’s electron-ics store in Washington, D.C., over the past 10…
A: Formula:
Q: 6. Consider the following data table. (12 Points) a) Forecast demand using exponential smoothing…
A: Error = Real demand - Forecast Absolute Error = Positive value of Error Error Square = square of…
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: The least squares regression method question - rounds your answer to two decimal points.please find…
A: Using least squares method regression method means we need to fit a line where number of accidents…
Q: The following table is given. What is the demand forecast for period 13 if the Winter model is used?…
A: Given data: Demand forecast for 8th period = 7056 Trend forecast for 8th period = 227 Observing the…
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: How does this forecast differ from that using employment as the independent variable? What is the…
A: Forecasting is a method of making well-informed forecasts regarding the direction of future trends…
Q: Matrix uses simple exponential smoothing with S.F = 0.6 to forecast demand. The forecast for the…
A: Below is the solution:-
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: 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: Th e manager of a small health clinic would like to useexponential smoothing to forecast demand for…
A: In exponential smoothing; Here,
Q: Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for…
A:
Q: Q2: Daily high temperature in St. Louis for the last week were as follows: 93, 94, 93, 95, 96, 88,…
A: Formula:
Q: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of…
A: Given data is
Q: Daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14,…
A: Given data; Weights ; (3/5) for period 10 (1/5) for period 9 (1/5) for period 8 Demand for ; 15…
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:
Step by step
Solved in 2 steps
- 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?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 should Sharon do in this situation?Table 5.1: The demand forecast developed for the year ended 31 December 2022. Month Production days Demand forecast Jan 16 150 Feb 16 150 Mar 23 250 Apr 21 250 May 22 400 Jun 22 500 Jul 21 600 Aug 20 750 Sep 20 450 Oct 20 250 Nov 16 150 Dec 16 150 1. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). 2. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number).
- The historical data for 4 periods demand are 65, 60, 80, and 70 respectively. Calculate the weighted moving average (WMA) forecast of period 5 with weights (0.4, 0.6). a. 77 O b. 76 О с. 74 O d. None is correct е. 72Dwayne 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,…1. Develop an aggregate plan for the following forecast Period 3 4 5 6 7 Total 1 2 8 Forecast 190 230 260 280 210 170 160 260 180 1,940 There are 20 workers who can produce 10 units per period at a cost of P6.00 per unit. There is no beginning invetory and the cost of carrying inventory is P5.00 per unit per period. Backlog cost is P10.00 per unit per period. Will the present workforce able to produce the forecast? b. What is the total cost of the plan? a.
- Assume an initial starting Ft of 200 units, a trend (Tt ) of 8 units, an alpha of 0.30, and a delta of 0.40. If actual demand turned out to be 288, calculate the forecast including trend for the next period. A. 308 B. 250 C. 208 D. 245PROBLEM 2:The manager of a large manufacturer of industrial pumps prepare forecasts for a six- month period. Month Demand Forecast 1 492 488 2 470 484 3 485 480 4 493 490 5 498 497 6 492 493 Required: Compute for the MAD, MSE, and MAPE.Problem 4. Considered a (s,S) system, with s = 80 and S = 200. The forecasted demand for the next 12 months is given in the following table. Initial inventory is 180, lead time is zero, and review is done at the end of every month. Find the order quantity. Mes, t 1 2 3 4 5 6 7 8 9 10 11 12 Demanda, D 65 110 | 80 150 120 90 50 170 140 125 55 80
- 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. 378Question 1 The monthly demand of a company is showed below, please use the static method to forecast the demand for Year 6. Sales Year 1 Year 2 Year 3 Year 4 Year 5 JAN 2,000 3,000 2,000 5,000 5,000 FEB 3,000 4,000 5,000 4,000 2,000 MAR 3,000 3,000 5,000 4,000 3,000 APR 3,000 5,000 3,000 2,000 2,000 MAY 4,000 5,000 4,000 5,000 7,000 JUN 6,000 8,000 6,000 7,000 6,000 JUL 7,000 3,000 7,000 10,000 8,000 AUG 6,000 8,000 10,000 14,000 10,000 SEP 10,000 12,000 15,000 16,000 20,000 OCT 12,000 12,000 15,000 16,000 20,000 NOV 14,000 16,000 18,000 20,000 22,000 DEC 8,000 10,000 8,000 12,000 8,000 Total 78,000 89,000 98,000 115,000 113,000March demand was pridicted at 590 units of gear cycles of trevaa Itd. But the actual demand was 400 units only so fourth the company now want to forecast the april demand using exponential smoothing model with constant alpha of 0.72., calculate the same.