Data collected on the monthly demand for lawn mower at Azaka Gaarden Supply are shown in the following table Period Demand for lawn mower January 10 February 12 March 18 April 16 May 19 June 23 July 26 August 30 September 28 October 20 November 17 December 12 a. Develop a four-month moving average forecast for Azaka b. If it is predicted that demand for January would be 14, with? = 0.4, develop exponential smoothing forecast for February through January next year c. Resolve problem b) with? = 0.6 d. What are the MADs for models (a), (b), and (c) e what forecast is the most accurate?

Posted Date: 2/9/2014 10:55:57 PM | Location : United States

Ask an Expert

Related Discussions:- Explain what forecast is the most accurate, Assignment Help, Ask Question on Explain what forecast is the most accurate, Get Answer, Expert's Help, Explain what forecast is the most accurate Discussions

Write discussion on Explain what forecast is the most accurate
Your posts are moderated

Write your message here..

Related Questions

Describe views of organizational conflict, Discuss three barriers to effect... Discuss three barriers to effective oral communication and possible remedies. Discuss 3 views of organizational conflict. When is conflict "good?" When is conflict "bad?"

Difference among purchasing and supply management, What is the difference b... What is the difference between purchasing and supply management?

Explain supply chain activities, Compile a list of major system life-cycle ... Compile a list of major system life-cycle activities. For each activity on the list, try to find the related supply chain activities. Present your finding in a table with the syste

Describe difference between a mission and vision statement, Explain the dif... Explain the difference between a mission and vision statement. Discuss why mission statements are important in performance improvement and why a solid mission statement (describing

Why service adds value to a business products and customers, Service is the... Service is the last activity in the Value Chain. Explain how service adds value to a business products and customers.

Explain how important is the compensation system, How the compensation syst... How the compensation system influences employees motivation, productivity and satisfaction. How important is the compensation system in an employee's productivity? Are there other

Describe trade-offs between the competitive dimensions, In your organizatio... In your organization, describe how there are trade-offs between the competitive dimensions. Give examples.

Explain supply chain risk management tools, Of the barriers to supplier dev... Of the barriers to supplier development mentioned in this chapter, which ones, in your opinion, are the most difficult to overcome? 2. Describe the major sources of supply base ris

Explain the component of statistical methodology, The component of statisti... The component of statistical methodology that includes the collection, organization, and summarization of data is called _____. descriptive statistics analytical statistics

Medical professional as of all the knowledge i gain, Your friend shows you ... Your friend shows you some books he took from the bookstore without paying for them. When you question him about it, he says, "Sure I took them. But I'm no different than anybody e