Develop seasonal relatives for the shop

Assignment Help Operation Management
Reference no: EM13913021

A tourist center is open on weekends (Friday, Saturday, and Sunday). The owner manager hopes to improve scheduling of part time employees by determining seasonal relatives for each of these days. Data on recent traffic at the center have been tabulated and are shown in the following table:
a. Develop seasonal relatives for the shop using the centered moving average method.
b. Develop seasonal relatives for the shop using the SA method.
c. Explain why the results of the two methods correlate the way theydo.

Reference no: EM13913021

Questions Cloud

What action might management consider based : Assuming no proactive approach on the part of management, discuss (no calculations necessary) how you would forecast sales for the first three months of the next year. What action might management consider based on your findings in part b?
Which method would you suggest using to predict : A pharmacist has been monitoring sales of a certain over the counter pain reliever. Daily sales during the last 15 days were Which method would you suggest using to predict future sales a linear trend equation or trend-adjusted exponential smoothing..
Obtain estimates of daily relatives for the number : Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data. Use the centered moving average method.
What seasonal relatives would describe this situation : The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 35 percent of its business on Friday night, 30 percent on Saturday night, and 20 percent on Thursday night. What seasonal relatives would d..
Develop seasonal relatives for the shop : Develop seasonal relatives for the shop using the centered moving average method Develop seasonal relatives for the shop using the SA method.
Compute seasonal relatives for this data using the amethod : Compute seasonal relatives for this data using the Amethod
Prepare a forecast of sales for each quarter of next year : Sales also exhibit seasonal variations. Using the information given, prepare a forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that.
A manager of a store that sells and installs : A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her forecasts are a combination of trend and seasonality
After plotting demand for four periods : After plotting demand for four periods, an emergency room manager has concluded that a trend adjusted exponential smoothing model is appropriate to predict future demand.

Reviews

Write a Review

Operation Management Questions & Answers

  Outline the next steps for preparing for your major

Identify the top two activities you completed in this class that aided in your major decision - Why were they helpful. Outline the next steps for preparing for your major and career. Identify the experiential education opportunities you plan..

  Why does one have to thoroughly understand conventional

Why does one have to thoroughly understand conventional approaches to problems when they can be solved by ERP computer systems?

  Find the holding period return for an investor

The prices for company A for the first quarter of 2007 are given below. The price of the stock on January 1, 2007 was $120. Find the holding period return for an investor who purchased the stock on

  Determine two potential profit objectives

Determine two potential profit objectives that you will consider for accepting a less than normal profit margin if you win the contract. Provide a rationale for your response.

  What are the implications for business system

What are the implications for the business system in countries that permit this to occur? What happens to the business and society relationship?

  What should the product specification be set

What should the product specification be set at, if the company would like to have Cp = 1.4 ?

  Explain why you believe the strategy you disagree

Explain why you believe the strategy you disagree with is ineffective or ill-advised. Suggest how you would alter the strategy to improve it.

  Maintain inventory of ten different types of ink cartridges

Suppose my office uses ten different kinds of inkjet printers, and as a result I need to maintain inventory of ten different types of ink cartridges. This is a large office, and the average demand for each type of cartridge is 15 cartridges per month..

  Financial rationale for designating these differing levels

Is there a financial rationale for designating these differing levels? Can this be quantified? Has any aspect of the different levels approach been negative to the customer, or to the organization?

  Conflict in organizations is a key behavioral dynamic

Managing (or not managing) conflict in organizations is a key behavioral dynamic. How well do you feel organizations manage conflict? Please no copy and paste.

  Internal consistency or market competitiveness

Which component of compensation is most important for a company’s competitive advantage:  internal consistency or market competitiveness?

  Pros and cons with respect to system management

What are the pros and cons with respect to system management? What would you say you have learned about it and what do you see that is less important about system management.

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