What is the value of alpha

Assignment Help Operation Management

Reference no: EM131037160

You are hired by a Danish distributor of consumer goods, Dicgø, to improve their forecasting capabilities. You are tasked with coming up with quarterly forecasts for an item that appears to have level, seasonality, and trend. While the company does have an existing Holt-Winter forecasting model, no one knows what the parameters (Alpha, Beta, or Gamma) are. You do have some information. For example, you know that historically, the demand in each quarter follows this distribution: - Q1 (January through March) = 60% of average quarterly demand - Q2 (April through June) = 80% of average quarterly demand - Q3 (July through September) = 140% of average quarterly demand- Q4 (October through December) = 120% of average quarterly demand. You just ran the forecast at the end of September (end of 2014Q3) and you have the following estimates: For level: a^2014Q3 = 1042 units For trend: b^2014Q3= 41.7 units per quarter PART 1 What is your forecast for demand for 2014Q4? In other words, what is x^2014Q3,2014Q4? PART 2 Suppose the actual demand in 2014Q4 is 1050 units. What is the lowest possible value for your estimate for level, a^2014Q4? PART 3 The model was run at the end of 2014Q4. It provided you with the most recent estimates of each pattern. The estimate for level, a^2014Q4 was 1067.8. What is the value of alpha? Your answer should be to two decimal places. All steps must be shown

Reference no: EM131037160

Questions Cloud

Pmos differential amplifier shown : a) For vG1 = vG2 =0 V, find |VOV| and VSG for each of Q1:and Q2: Also find VS , VD1, and VD2. (b) If the current source requires a minimum voltage of 0.4 V, find the input common-mode range.

Prepare a presentation about basel capital requirements : Prepare a ten slides PowerPoint presentation about basel capital requirements. Refer to journal articles, books, or other online resources. I want ten slides with notes and resources.

Important than legal compliance : Explain how both individuals and institutions can be viewed as ethical or unethical. Give an example of each. Explain how law and ethics are different, and why a good reputation can be more important than legal compliance.

Estimate the percent increase n in the hitch-force component : The cart and its load combined weigh 500 lb. State any assumptions.

What is the value of alpha : You are hired by a Danish distributor of consumer goods, Dicgø, to improve their forecasting capabilities. You are tasked with coming up with quarterly forecasts for an item that appears to have level, seasonality, and trend. While the company does h..

Do you think us should attempt to enforce labor standards : Do you think the United States should attempt to enforce labor standards and environmental standards on its international trading partners? Why or why not?

Key principles related to the multi-dimensional approach : Briefly explain, in your own words, two key principles related to the multi-dimensional approach to decision-making discussed in Darwin’s publications and describe how the two selected principles apply to the Nine Dragons case study.

Explain why technology plays such an important role in gvts : In this report, you are to- provide an appropriate definition of a GVT which identifies the unique features of a GVT and explain why technology plays such an important role in GVTs

Statements best describes the supportive type of leadership : According to path-goal theory, which of the following statements best describes the supportive type of leadership?

User Account

All Pages