Forecast demand for boxes of rubber gloves

Assignment Help Business Management
Reference no: EM131368005

A company uses simple exponential smoothing with  α = 0.1 to forecast demand for boxes of rubber gloves. The forecast for this week was 237 boxes and the actual demand was 205.

a) What is your forecast for the next week?

b) What is your forecast for three weeks from now?

c) If the cumulative sum of the forecast errors before this week was 23 and the estimate of the mean absolute deviation was 10.6, do you feel that forecasting system is doing a good job? Explain.

Reference no: EM131368005

Questions Cloud

How do you prevent accidents in the workplace : How do you prevent accidents in the workplace? List and describe 5 ways. Essay of 350-500 words, including an introduction, body and conclusion.
Write the microprogram required to implement this sm chart : Convert the SM chart to the proper form by adding a minimum number of states to the given diagram. Make a suitable state assignment.
What is the effective annual cost : Yonge buys on terms of 1/15, net 60. What is the effective annual cost (not the nominal cost) of the least expensive type of credit, assuming 360 days per year?
Evaluate the effectiveness of the chosen theory : Identify a situation or circumstance in your practice setting where a concept from a healthcare theory is manifested. Evaluate the effectiveness of the chosen theory in that situation or circumstance. How will you apply this theory in other areas ..
Forecast demand for boxes of rubber gloves : A company uses simple exponential smoothing with  α = 0.1 to forecast demand for boxes of rubber gloves. The forecast for this week was 237 boxes and the actual demand was 205.
What is the effective annual interest rate of the lower cost : Alternatively, Masson could borrow from its bank on a 12 percent discount interest rate basis. What is the effective annual interest rate of the lower cost source?
What about when a ball is dropped from an airplane : Does the formula for falling bodies give accurate or inaccurate results when a feather is dropped? How about when a ball is dropped? What about when a ball is dropped from an airplane?
Calculate the effective annual interest rate : Calculate the effective annual interest rate for each alternative. Which alternative has the lowest effective annual interest rate?
Calculate the optimal operating doctrine under : Calculate the optimal operating doctrine under the assumption that no stockouts are allowed and also that units can be backordered at the cost indicated above.

Reviews

Write a Review

Business Management Questions & Answers

  How do risk-based deposit insurance premiums

How do risk-based deposit insurance premiums and risk-based capital requirements help reduce the moral hazard problem of deposit insurance? (Hint: Moral hazard means that because of deposit insurance, banks may take on excessive amounts of risk.)

  Management leadership and organizational change

How would you handle this situation and what steps can you take to ensure that she is heard

  Customer focus and innovation

Explain how customer focus and innovation can be an unique and special strengths of small businesses.

  What is the big deal about japans pursuit of excellence

What's the big deal about Japan's pursuit of excellence as explained in the PPT? Watch video Zappos then answer questions: What's the CBP at Zappos.com? Why do customer buy from them?

  Relate to power and politics

For this assignment you will be continuing to write about your own workplace experiences as they relate to power and politics. Think of one of the largest political battles you witnessed or were apart of during your career, and think carefully abo..

  What is the optimal reorder point for lcds

What is the optimal order number of LCDs that should be placed in each order? - What is the optimal reorder point (ROP) for LCDs?

  Improve in the seven competencies

Write a brief (2-3 paragraphs) evaluation explaining how you see yourself (strengths and weaknesses), and how you envision this course (MGMT 362, Organizational Behavior) can help you improve in the seven competencies.

  How did he respond to these pressures

Of the internal organizational pressures for change discussed in this chapter that are associated with organizational change-growth, integration and collaboration, reestablishment of organizational identities, new broom, and power and political pr..

  Find shortest processing time

SPT is generally viewed as operationally focused rather than customer focused. However, are there cases when it could be as customer responsive as EDD or FCFS? Illustrate an example of this.

  Develope ethical and authentic leadership behaviors

Developing Ethical and Authentic Leadership Behaviors- Describe the terminal and/or instrumental values proposed by Rokeach on pages 26-27 of the Gamble and Gamble text that may have guided the leader's decision making.

  Why is budgeting important for a company

Why is budgeting important for a company?

  Prepare slab and eventually install it in the clients home

Fabricators move the slabs from the stone vendor to their workshops, prepare the slab, and eventually install it in the client's home.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd