Sells and installs spas wants to prepare a forecast

Assignment Help Operation Management
Reference no: EM131416650

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 = 80 + 4t, where t = 0 in June of last year. Seasonal relatives are 1.05 for January, .96 for February, and .86 for March. What demands should she predict? (Round your answers to 2 decimal places.)

  Month Forecast

  January of the next year

  February of the next year

  March of the next year

Reference no: EM131416650

Questions Cloud

With business process reengineering : Although they apply their knowledge to different areas, scientists and engineers basically have the same backgrounds and share the same values. Which of the following questions reflects market risk concerns? An example of a trademark that became gene..
You rock your organizational boat without falling out : How do you rock your organizational boat without falling out? You know your organization needs constructive change but here’s the dilemma, if you push your agenda too hard resentment builds against you; if you remain silent resentment builds within y..
Discuss why you believe sensitivity analysis : Discuss why you believe a sensitivity analysis is required in this case or for a similar business problem where an optimal solution to linear programming formulation is desirable. In addition, would you, as a business analyst, find information in the..
Major functional areas of business organisations : Identify the three (3) major functional areas of business organisations that exist at your work place and briefly describe how they interrelate. By use of a chart and relating it to your workplace, list the various functions carried out under the thr..
Sells and installs spas wants to prepare a forecast : 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 ..
Understand by production-operations management : By way of definition, what do you understand by production/operations management? How does your definition accommodate both manufacturing and service operations? Why do you think it is important for you to study operations management?
What is the main principals of servant leadership : What is the main principals of servant leadership that I can use in my line of work as a nurse aid in nursing and what would the methods that would apply to these principles and would the It antiicipate seeing the results of implementing these servan..
Identifies a culture with little distinction : Sandra is a manager for a start-up corporation in Malaysia. In which of the following personality traits did she probably score high? Which of the following identifies a culture with little distinction between male and female roles?
Discuss the various steps and barriers to communications : Identify and discuss the various steps and barriers to communications (proconceived ideas,use of personalized meanings, lack of motivation or interest, lack of communications skills etc.) and provide examples using criminal justice organizational set..

Reviews

Write a Review

Operation Management Questions & Answers

  Which is the proper interpretation of these numbers

You have just used the capability index (Cpk) formulas to compute the two values "min [2, 2.5]." Which of the following is the proper interpretation of these numbers?

  What is the optimal output

Your fixed cost is $50. What is the optimal output level? What is the optimal output, if your fixed cost is $60?

  Which of the following is true of an llc formation

Which of the following is true of an LLC formation?

  What is the capacity of the process

What batch size would you choose in order to minimize the inventory without reducing the process capacity? Assuming that all units of a batch have to be processed before they can move to the next step.

  What are the pros and cons of his communication strategy

Do you think Arison is making a good decision to avoid communicating with the media about the sinking of the Costa Concordia? What are the pros and cons of his communication strategy?

  How will you go about installing software

What are the physical locations where workstations, printers, servers, and other hardware will be installed? How will you provide users enough information about the system being installed to gain their confidence? Installing hardware and software: ..

  Direct-response advertising

What role does direct marketing have in a global company's promotion mix? Name three companies that have successfully used direct mail or other forms of direct-response advertising.

  Supply chains in relation to ethics and sustainability

What are three ethical issues an OM must deal with when dealing with supply chains in relation to ethics and sustainability. Provide an example.

  What is the new service level

a) To provide 98% service level what must the reorder point be? b) If a new safety stock policy is being considered that reduces safety stock by 100 units, what is the new service level?

  Outline an employee motivational plan

Outline an employee motivational plan for your current employer or former employer. Provide a rationale for your response.

  What are some of traditional international trade theories

What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? List the major drivers of globalization and provide three examples of each. Explain at least four effects of globaliza..

  State emvs of different alternatives are considered rational

The decisions made based on the EMVs of different alternatives are considered rational. Are there limitations or risks of using the EMV approach

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