Smoothing to forecast number of incoming checks each month

Assignment Help Operation Management
Reference no: EM131625502

A? check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 ?million, while the forecast was 43 million. A smoothing constant of 0.15 is used. ?a) Using exponential smoothing and given alphaα?, the forecast for the month of July? = ____ million checks received ?(round your response to one decimal? place).

Reference no: EM131625502

Questions Cloud

Shows the actual demand observed : The following table shows the actual demand observed over the last 11? years:
Corporate culture and organisational culture : Discuss the relationship between "corporate culture" and "organisational culture" in the process of managing strategic change.
Calculate the economic order quantity : Calculate the economic order quantity. Calculate the total annual costs.
Calculate the aggregate production rate : Calculate the aggregate production rate. Calculate the appropriate workforce given the aggregate production rate.
Smoothing to forecast number of incoming checks each month : A? check-processing center uses exponential smoothing to forecast the number of incoming checks each month.
Differences in sourcing strategies for materials vs services : Discuss the similarities and differences in sourcing strategies for materials vs. services.
"deming-manufacturing utilization and company utilization : "Deming". "Manufacturing Utilization". "Company Utilization".
Expounding on the evolution of the principal role in society : Expounding on the evolution of the principal’s role in society.
Commitment to the job and breakdowns in communication : Equally troublesome is a different perceived commitment to the job and breakdowns in communication. What recommendations do you have for this situation?

Reviews

Write a Review

Operation Management Questions & Answers

  Considering the purchase of two alternative cars

A student is considering the purchase of two alternative cars. Car A initial costs $1,500 more than Car B, but uses 0.05 gallons per mile, versus 0.07 gallons per mile for Car B

  What is the break-even volume for each plan

A small business company is considering updating the current production line. There are two plans. For plan A, the fixed cost will be $35,000 and the variable cost will be $25 per unit after the update. Suppose the selling price is $35, what is the b..

  Athletic events for local high school athletes

SportTech Events puts on athletic events for local high school athletes. The company needs a database designed to keep track of the sponsor for the event and where the event is located. Each event needs a description, date, and cost. SportTech asks y..

  What is the length of a production run in days

What run quantity should be used to minimize total annual costs? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)

  Most important threats-opportunities from buying internet

Internet technology is open to everyone. Not only to buyers, but also to users and budget holders within organizations. Today, every employee is able to buy from the Internet without interference of a buyer. What would you consider to be the most imp..

  Pure vision manufacturings sourcing vs. inventory challenge

It is no secret; the economy has been pretty tough in the last few years. Pure Vision Manufacturing produces vision systems used in a variety of industrial manufacturing applications. These systems help manufacturers check for quality specifications ..

  Compare and contrast the various investment products

You have completed an internship in the finance division of a fast-growing information technology corporation. Your boss, the financial manager, is considering hiring you for a full-time job. If a private company is “going public,” what does this mea..

  Formulate a linear programming model-total annual return

County Credit Union (CCU) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. Formulate a linear programming model that can be used to determine the amount of funds CCU should allocate to each type ..

  The environmental protection agency is example

The general conflict-of-law rule for tort cases is that: The division in government power as established by the Constitution is referred to as the: The Environmental Protection Agency is an example of:

  Key facts and critical issues presented in AIG case

In a narrative format, discuss the key facts and critical issues presented in the AIG case. Examine the existence of both cooperation and conflict between the government and AIG in 2008. Has to have in-text citation with references.

  Influencing consumers gift-giving behavior

List AND discuss three ways in which social media platforms are influencing consumers’ gift-giving behavior. DO NOT discuss how three different social media platforms are influencing ift-giving behavior. State, in general, how social media platforms ..

  What is your favorite cost leadership restaurant

What is your favorite cost leadership restaurant?

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