Calculate regression equation for preceding demand data

Assignment Help Operation Management

Reference no: EM1376528

Q. Choose At least four key elements, tools, also/or concepts relevant to operations management also/or duties of an operations manager or operations management. Describe them also elucidate how they relate. 250words

Q. Historical demand for a product is
DEMAND
January 12
February 11
March 15
April 12
May 16
June 15

a. Using a weighted moving average with weights of 0.60, 0.30, also 0.10, find July forecast.

b. Using a simple three-month moving average, find July forecast.

c. Using single exponential smoothing with = 0.2 also a June forecast = 13, find July forecast. Make illustrate whatever assumptions you wish.

d. Using simple linear regression analysis, calculate regression equation for preceding demand data.

e. Using regression equation in d, calculate forecast for July.

Reference no: EM1376528

Questions Cloud

Find the budgeted direct-labor cost rate : Find the budgeted direct-labor cost rate and find the budgeted indirect-cost rate assuming direct-labor cost is allocation base?

Explain is forecast performing as well as it may : A CPA firm has been using subsequent equation to predict annual demand for tax audits. Demand for past few years is shown below. Is forecast performing as well as it may, Explain.

Evaluate her itemized deduction as a result of the fire : Evaluate her itemized deduction as a result of the fire. Also determine Heather's AGI and heather owns a two-story building. The building is used 60 percent for business use and 40 percent for personal use. During 2011,

Find ending balance in work in process : Pickering producing is working on 2-jobs. Expenses are accumulated under a job order cost system, and overhead is applied on basis of direct labor hours.

Calculate regression equation for preceding demand data : Choose At least four key elements, tools, also/or concepts relevant to operations management also/or duties of an operations manager or operations management. Describe them also elucidate how they relate.

Find what actual amount of manufacturing overhead cost : Find what actual amount of manufacturing overhead cost was incurred during August 2013 and find what amount of manufacturing overhead was allocated to all jobs during August 2013?

Show diversity for a multinational corporation : What are the main problems caused by worldwide accounting diversity for a multinational corporation?

Evaluate the amount of write-down reversal using us gaap : Evaluate the amount of write-down reversal (if any) required using US GAAP. Calculate the write-down on both an individual and a total inventory basis.

Illustrate what is efficiency of line balanced : Illustrate what is efficiency of line balanced as in d. Suppose which demand rose from 750 to 800 units per day. Illustrate what would you do? Show any amounts or calculations.

User Account

All Pages