Forecasts are combination of trend and seasonality

Assignment Help Operation Management
Reference no: EM131156114

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. She uses the following equation to estimate the trend component of monthly demand: Ft = 90 + 6t, where t = 0 in June of last year. Seasonal relatives are 1.07 for January, .88 for February, and .96 for March. What demands should she predict? (Round your answers to 2 decimal places.)

Reference no: EM131156114

Questions Cloud

Systems development life cycle : Do some basic online research about the rollout of the ACA web-site also known as Obamacare. I do not want political opinions about the law or anything of that nature here. What I do want you to discuss is the SDLC or Systems Development Life Cycle.
Self-disclosure can be risky : Self-disclosure can be risky. We know that others may accept or reject the information that we share about ourselves. That is why self-disclosure is described as a gradual process in social penetration theory. In your opinion, why are individuals wil..
Customer who has been banking with you for years : You have a customer who has been banking with you for years and who actually trust you. She wants to open several accouts, so you refer her to another person in your branch who handles new accounts but she says she is not interested in dealing with a..
Promotion of private property : According to Karl Marx and Freidrich Engels (henceforth M/E) the history of the world is basically that of class struggle. According to M/E the bourgeoisie has actually forged the weapons that will bring death to itself, the capitalist. The theory of..
Forecasts are combination of trend and seasonality : 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.
Evaluate the effectiveness of the speaker : Presentations are everywhere. We see evidence of speakers addressing audiences to accomplish specific purposes in the media and in real life situations. It is important to understand the factors that make a speaker effective or ineffective, dynamic o..
Not hiring qualified individual because of discrimination : Not hiring a qualified individual because of discrimination: Imagine you are a new human rsources director in a nonfit organization and pressured to not hire Middle Eastern candiaded by the organizations CEO. In the United States, discrimination agai..
Analyze the composition of two groups : Analyze the composition of two groups to which you belong. How are they similar in composition? How do they differ? Use the terminology from the chapter 9(organizational behavior 11th edition) to clarify your point.
Many marketing sections should be entitled field of dreams : In business plans, many marketing sections should be entitled "Field of Dreams" because many entrepreneurs assume that if "I build the product, they will buy it." In a three- to four-page paper (not including the title and reference pages), develop a..

Reviews

Write a Review

Operation Management Questions & Answers

  How many municipalities were represented

How many municipalities (towns) were represented? Which one of these had the greatest number of representatives?

  What is the probability of waiting in line

Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes. What is the probability of waiting in line? How many customers, on average, are wai..

  Discuss the cognitive moral development level

As an ethical, responsible leader, discuss the cognitive moral development level that John Mackey's behavior should fit. According to Mr. Mackey, some of the statements attributed to Rahodeb did not match his personal beliefs. Why do you think ther..

  Design an entity-relationship model based

Design an entity-relationship model based on the following rules: A Customer can have one account, and an account can be owned by one customer. A Customer can watch many Streaming movies, and a streaming movie can be watched my many Customers. A Cust..

  Patients be involved in continuous quality improvement

To what extent should patients be involved in continuous quality improvement? Should all patients be considered partners in their care? Why or why not? With an aging population, is this a reasonable expectation? What can healthcare organizations do t..

  Explain why the strategic management

Explain why the strategic management class is often called the “capstone” course? Remember to cite your sources with in-text citations and include the source in your references.

  About government issued T-bills and munis

Learn more about government issued T-bills and munis. Would you invest in government issued T-bills? Why or why not? Are there specific munis you would or would not invest in? What factors affect your choices? Write your analysis of the current statu..

  Define organizations in need of logistic solutions

ADC is a Colorado-based logistics company that engages in consulting projects to share their expertise with organizations in need of logistic solutions. They have completed three sequential projects for customers.

  Describe how organizations use various parameters

Examine, and provide examples of, the costs absorbed by organizations with respect to inventory and logistics. Describe how organizations use various parameters to monitor supply chain performance and provide examples.

  Television commercials as primary means for advertising

A candidate for the next presidential election is trying to determine how to allocate their $250,000 advertising budget. The candidate is considering Facebook ads and television commercials as the primary means for advertising. Write the linear progr..

  Compute mad and made for management''s technique

Compute MAD and MADE for management's technique, Do management's results outperform (ex have smaller MAD and MAPE than) a naive forecast?

  What is the main purpose of engagement planning what

what is the purpose of engagement planning? what critical information should the auditor consider during engagement

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