Forecast demand for boxes of rubber gloves

Assignment Help Mathematics

Reference no: EM131800130

A company uses simple exponential smoothing with alpha = 0.1 to forecast demand for boxes of rubber gloves. The forecast for this week was 237 boxes and the actual demand was 205. a) What is your forecast for the next week? b) What is your forecast for three weeks from now? c) If the cumulative sum of the forecast errors before this week was 23 and the estimate of the mean absolute deviation was 10.6, do you feel that forecasting system is doing a good job? Explain.

Reference no: EM131800130

Questions Cloud

Charge of developing a global web strategy : Your company manufactures and sells golf clubs and would like to start selling outside Ireland. You are in charge of developing a global web strategy

Define nussbaum principle of equal liberty of conscience : Many Supreme Court cases were presented through out this paper, which included Board of Education v. Barnette (1943), Sherbert v. Verner (1963).

What is the impact of oci as a result of hedging transaction : What is the impact of OCI as a result of hedging transaction on its statement of income and statement of cash flows

Construct a p -chart based on the questionnaire results : Construct a p -chart based on the questionnaire results, using a con?dence interval of 95.5 percent, which is two standard deviations.

Forecast demand for boxes of rubber gloves : A company uses simple exponential smoothing with alpha = 0.1 to forecast demand for boxes of rubber gloves.

Prepare the entry to close the factory overhead account : Feathers Company is a manufacturing firm that uses job-order costing. Prepare the entry to close the Factory Overhead account.

Resources and capabilities of emerging multinationals : Compare and contrast the core resources and capabilities of emerging multinationals from emerging economies against multinationals

Compare and contrast defensive strategy : Compare and contrast Defensive Strategy and Offensive Strategy which regards to Case Analysis and Strategy Development.

Explaining the different type of power : "A New Adam" one of the first episodes from "God in America" focused and talked about the struggles of religions from the Old World into the new world.

User Account

All Pages