User Account

All Pages

Calculate the forecast for 2015 quarter

Assignment Help Business Management
Reference no: EM131659852

1. Below showing sales for the past 7 quarters.

Sales

2013 Quarter 4 → 153

2014 Quarter 1 → 117

2014 Quarter 2 → 162

2014 Quarter 3 → 108

2014 Quarter 4 → 144

2015 Quarter 1 → 171

2015 Quarter 2 → 153

a. Using a three-quarter moving average model, calculate the forecast for 2015 Quarter 3 sales.

b. Use the last four quarters as the basis for determining the historical MAD assuming that a three-quarter moving average model was used to forecast sales. For example, the forecast for 2014Q3 would be 144 resulting in an absolute deviation of 36 (now, calculate the forecasts and absolute deviations for 2014Q4, 2015Q1, and 2015Q2, then average the four absolute deviations to get your MAD). 

c. Predict the range of 2015 Quarter 3 sales using your forecast and your MAD. The range should include actual sales with 95% confidence. 

And for each question my answers are as follows:

a. Forecast for 2015 Quarter 3 sales is  156

b. MAD is 24.

c. Range of uncertainty is from 96 to 216 for 2015 Q3.

Does my answers seems accurate?

If not, can you please guide me how to approach the questions?

Reference no: EM131659852

Questions Cloud

Consider president harry truman executive decision : Consider President Harry Truman's executive decision to seize the steel mills in the Youngstown Sheet & Tube, Co. v. Sawyer case.
Discuss the epidemiology of thalassemia : Discuss the epidemiology of thalassemia and share evidence-based practice guidelines necessary for chronic management.
Does structure follow strategy-strategy follow structure : Does Structure follow Strategy or does Strategy follow Structure? Why do organizations struggle to implement strategies at times?
Discuss strengths are high qualified health staff : Strengths are high qualified health staff, Good reputation, high respect for patients, willingness for elderly to be cared for, advertising through
Calculate the forecast for 2015 quarter : a. Using a three-quarter moving average model, calculate the forecast for 2015 Quarter 3 sales.
Should the court hold the defendant liable for the pollution : Parks Hiway filed a suit in an Alaska state court against Petroleum Sales, among others. Should the court hold the defendant liable for the pollution?
Some industries are more suited to a matrix environment : Some industries are more suited to a Matrix Environment. What industries are they and why does it suit them.
Name two different methods for evaluating evidence : Name two different methods for evaluating evidence. Compare and contrast these two methods.
Is overall welfare improved or reduced by the tax : a. Is overall welfare improved or reduced by the tax? b. Would social welfare in the industry be larger or smaller if it were monopolized and the tax were drop

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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