Explain a linear trend equation, Operation Management

Assignment Help:

Value: 15.00 points Problem 3-2 National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000) Units Feb. 17 Mar. 16 Apr. 13 May. 24 Jun. 18 Jul. 21 Aug. 21 b. Forecast September sales volume using each of the following: (1) A linear trend equation.(Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands (3) Exponential smoothing with a smoothing constant equal to .40, assuming a March forecast of 16(000). (Round your intermediate calculations and final answer to 2 decimal places.) Forecast thousands (4) The naive approach. Naive approach thousands (5) A weighted average using .60 for August, .20 for July, and .20 for June. (Round your answer to 2 decimal places.) Weighted average thousands


Related Discussions:- Explain a linear trend equation

Explain fire wire sure wire surfboard''s strongest competitor, 1. Identify ...

1. Identify and describe fire wire sure wire surfboard's strongest competitor .how is this rival positioned in the marketplace? 2. What recommendation would you make to mark pri

Explain emotional intelligence a key factor to success, Emotional intellige...

Emotional intelligence; a key factor to success I want a 20 question survey for this topic, based on these 5 factors self-awareness, self-regulation, motivation, empathy, and socia

Briefly describe the four different approaches to social, Briefly explain t...

Briefly explain the four different approaches to social responsibility that an organization can adopt.

Terminology of operation strategy, Terminology of Operation Strategy  ...

Terminology of Operation Strategy  It might be useful just to put some description to the terms used repetitively in this section.  Terminology of strategy  Mission or

How may the social value of low versus high power distance, How might the s...

How might the social value of low versus high power distance influence how you would lead and motivate employees?

Types of process technologies - batch production, Types of Process Technolo...

Types of Process Technologies - Batch Production Under this system the manufacturing is done in batches or groups or lots either on the basis of customer order or with a hope

Global supply chain issues, Global Supply Chain Issues  Global supply ...

Global Supply Chain Issues  Global supply chains bring problems of their own. As companies begin to apply organisational efficiencies achieved in their home markets to oversea

Determine the implementation of lean, 1. To what extend does lean manufactu...

1. To what extend does lean manufacturing help GM to control production to meet customer needs, and how does this help to make GM competitive? 2. Do you think the implementation

Analytic also synthetic methods of manufacturing operations, Analytic and s...

Analytic and synthetic methods of manufacturing operations may be on the final exam. What is the difference between them? Please include an example

A trial balance discloses how many types of errors, A Trial Balance disclos...

A Trial Balance discloses how many types of errors? A Trial Balance discloses errors that are given below:   i)    An item posted double.   ii)   A mistake into posting.

Write Your Message!

Captcha
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