Which value of results in better forecast

Assignment Help Operation Management
Reference no: EM132212698

The ABC Company has provided us with the following data on the demand for their product (stated in 1000 units) during the last 8 years. Years ? 1 2 3 4 5 6 7 8 Demand? 5.0 8.3 13.9 16.2 15.4 18.6 16.4 17.5 A)- Use a three-year moving average to forecast demand for year 9. If the actual demand for year 9 is 18.3, forecast the demand for year 10. B)- Predict the demand for years 9 and 10, using the Exponential smoothing method. Do those with two different values of α, (α =0,35, and α =060). Which value of α results in better forecast? C)- Use linear regression to forecast the demand for years 9 and 10.

Reference no: EM132212698

Questions Cloud

What are some of the factors that might cause conflict : Write 250- 300 words for each of the following questions - What are some of the factors that might cause conflict
Explain the importance of a code of ethic : Explain the importance of a Code of Ethic. What organization and how management should use and implement the code to ensure an ethical workplace?
Development of compensation and strategy : Compensation vs. Strategy- Where does the mission and vision statement fit into the development of compensation and strategy?
How does philosophy shape your identity and role as a nurse : Your journal this week will help you get started on developing your personal Philosophy of Nursing Statement. You will continue to develop this statement over.
Which value of results in better forecast : Which value of a results in better forecast?
Why is assessing job performance necessary : 1. Why is assessing job performance necessary?
What can you do to make your home environment healthy : Environmental safety reduces the risks of falling and sustaining injuries. What can you do to make your home environment healthy?
The factors influencing corporate cultures : Any new social or political reform is met with conflicting tendencies. Write a paper explaining, in detail, the factors influencing corporate cultures.
Consider the readings and interactions in this course : What opportunities do you see for further application of this material and future research in the field of organizational sustainability? Explain

Reviews

Write a Review

Operation Management Questions & Answers

  What are the various motivations of consumer misbehavior

What are the various motivations of consumer misbehavior? Define evaluative criteria and determinant criteria.

  Hr assist with analyzing the pros and cons of retaining

How can HR assist with analyzing the pros and cons of retaining an IT Department of 20 staff or outsourcing overseas.

  The game theory and emotion

The game theory and emotion. summarize what you thought was the most interesting take-away from this article.

  Make sure that good mission statement is produced

You are heading the Planning Department in your company. What are you going to do to make sure that a good mission statement is produced?

  2 the austin texas plant of computer products produces

2 the austin texas plant of computer products produces external hard drives for personal and small business

  What is difference between resources and capabilities

What is the difference between resources and capabilities?

  Use the values to provide the status of each project

You are comparing two projects. Using the data below, calculate the CV, SV, SPI, and CPI. Second, use the values to provide the status of each project. All values are in dollars.

  Review the recruitment of a star case study

Review the "Recruitment of a Star" case study from Harvard Business School. Is recruiting and selection practices fundamentally all about finding and hiring star talent? Support your answer

  What do you think are the most important values at stake

Another big issue in business today is the about the ethics of pricing. What do you think are the most important values at stake?

  What are the independent variable and the dependent variable

A tissue manufacturer that has the fourth-largest market share plans to experiment with a 50 cents off coupon during November and a buy one, get one free coupon during December. The experiment will take place at Target stores in St. Louis and Kansas ..

  Create work breakdown structure in outline format

you will write a scope statement and create a work breakdown structure (WBS) in outline format for a project of your choice. It could be building a shed, preparing your taxes, planning a trip (or wedding or other event), planning your family’s meals ..

  Availability of qualified consultants and agents

Please need some pointers for a cosmetic company wanting to expand to Saudi Arabia and united Arab Emerites. 1) Availability of qualified consultants and agents 2) Threats from inflation, foreign competitors, or privatization 3) Availability of chann..

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