Compute a five-month moving average forecast

Assignment Help Project Management

Reference no: EM131433009

The Hartley-Davis motorcycle dealer in the Minneapolis–St. Paul area wants to be able to forecast accurately the demand for the Roadhog Super motorcycle during the next month. From sales records, the dealer has accumulated the data in the following table for the past year. Month and motorcycle sales are: January 9 February 7 March 10 April 8 May 7 June 12 July 10 August 11 September 12 October 10 November 14 December 16

a. Compute a three-month moving average forecast of demand for April through January (of the next year).

b. Compute a five-month moving average forecast for June through January

For your solution construct a table that contains both 3 and 5 month moving averages.

Reference no: EM131433009

Questions Cloud

Company primary and secondary value chain activities : You are a senior member of a major fast food chain's Management Division. The CEO has asked you to do an analysis of the company's price and cost competitiveness. What is the purpose of value chain analysis? Why would the CEO ask us to do such an ana..

Cheduling volunteers at the local crisis pregnancy center : Rosemary Hanes needs help in scheduling volunteers at the local crisis pregnancy center. Create a work schedule that will meet the demand requirements, given that volunteers can only work four days per week. Days of Week Volunteers Needed Rosemary Ha..

Ethical or legal concerns must be in the area of technology : Research and find a company in the realm of business and technology that has encountered a situation where actions or behaviors from either the organization or members of the organization have been considered unethical and legal or ethical and illega..

Flurry gathers data from smart phone user : Closing Case "Flurry Gathers Data from Smart Phone User" 1. Do you feel that Flurry should be installed on your smartphone by various app makers without your consent? Why or why not? Support your answer. 2. What problems would Flurry encounter if som..

Compute a five-month moving average forecast : The Hartley-Davis motorcycle dealer in the Minneapolis–St. Paul area wants to be able to forecast accurately the demand for the Roadhog Super motorcycle during the next month. From sales records, the dealer has accumulated the data in the following t..

Compare and contrast vertical and horizontal designs : Compare and contrast vertical and horizontal designs. Include an evaluation of the advantages and disadvantages of each type of design. What are some of the issues involved in using multiple regression models to forecast? Use healthcare as an example..

When developing a multiple regression model : What kinds of decisions have to be made when developing a multiple regression model? When does judgement enter into the model building process? Use healthcare as an example.

Major or minor renovation of the current plant : Frodo, a junior engineer at Baggins Metal Works is considering the introduction of a new line of products. In order to produce the new line, the company needs either a major or minor renovation of the current plant. The market for the new line of pro..

Identify some key issues in organizational socialization : Describe the process and identify some key issues in organizational socialization. Describe the socialization process used by an organization with which you are familiar. What were the results of this socialization process?

User Account

All Pages