Find the july forecast

Assignment Help Operation Management
Reference no: EM13222803

Historical demand for a product is
Month Demand
Jan 12
Feb 11
Mar 15
Apr 12
May 16
Jun 15
a. Using a weighted moving average with weights 0.60, 0.30, and 0.10, find the July forecast.
b. Using a simple three-months moving average, find July forecast.
c. Using single exponential smoothing with Alpha = 0.2 and June forecast = 13, find the July forecast.
Assume whatever you want to wish.
d. Using simple linear regression (least square or trend analysis), calculate the regression equation and using this equation forecast for July.

Reference no: EM13222803

Questions Cloud

What is the minimum cycle time : Compute the percentage idle time for the assignment in part c
Compute the upper and lower control limits for the r chart : Compute the upper and lower control limits for the R chart.
Explain component contains different metals and minerals : Each component contains different metals and minerals. The pebbles and shells can easily be separated from the sand. Which term or terms could be used to describe this sample of sand?
Complete the analytics exercise : Complete the Analytics Exercise: Comparing Companies Using Wall Street Efficiency Measures
Find the july forecast : Using a weighted moving average with weights 0.60, 0.30, and 0.10, find the July forecast.
Planning and implementing a major change initiative : Discuss and apply the necessary steps to facilitate the change initiative, described appropriate follow-up, and provide summary comments as a means of wrapping up the scenario.
Explain what are the initial concentrations of ag : The known metal ion solution used in this experiment contains 0.10 M of each of the six metal ions. What are the initial concentrations of Ag, Pb, and Cl before any precipitation/reaction occurs, but after the mixing (i.e. dilution) of equal volum..
What is the reliability of the process : Unrelated to part a. Goodstone Tire Company manufactures the "BX" Tire that has an expected life that is exponentially distributed with a mean of 35,000 miles. What is the probability that the tire will fail before 42,000 miles?
What particular terms used in the subject of macroeconomics : What particular terms used in the subject of Macroeconomics can you apply to the question  It will be better if you would reference relevant pages from your textbook. Also it will be a bonus if you could demonstrate your research skills by providi..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Determining business research and methodology

How are Hypothesis Development and Theoretical Framework employed in Healthcare? How does the Measurement of Variables (Operation Definition) play a role in Healthcare Field.

  Determine two advantages of requiring certificate of need

Determine two advantages and two disadvantages from the health care organization's perspective for requiring a Certificate of Need.

  Calculate the expected inflation rates

The Fed is concerned with interest rate levels and the possibilitiy of inflation. Given the gollowing information, calculate the expected inflation premiums over hte next three years.

  Estimating economic order quantity

The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves, the Western, has an annual demand of 6,000 units.

  Illustrate what would you suggest

Your boss would like you to suggest changes that could be made to the project that would significantly shorten it. Illustrate what would you suggest.

  Construct a decision tree and solve the tree

New Age is a large company that has been working on a new product. This product has tremendous potential, but New Age must move quickly. They have decided that they will introduce the product in two months and have already started developing their..

  Describe why these individuals are so successful

For each leader you choose, describe why these individuals are so successful and identify which theory or theories best exemplify their leadership style

  Provide an analysis of the exporters of mercandise

provide an analysis of the imlication that for the united states may have the fact that those specific countries are top importers and exporters of mercandise

  Johnson industries received a contract to develop

Johnson Industries received a contract to develop and produce four high intensity long distance receiver/transmitters for cellular telephones. The first took 2000 labor hours

  Develop a forecasting model

Develop a forecasting model, justifying its selection over o r techniques, also project attendance through 2011. Illustrate what revenues are to be expected in 2010 also 2011. Discuss school's options.

  What is the balance that must be struck in deciding

What is the balance that must be struck in deciding whether to sell the product? How does the standard of ethics that is applied affect this balance?

  Computing the project npv

Summer Tyme, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be ..

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