WEEK 15 ACTIVITY 10

a) Using the trend-projection (regression) method, develop a forecastfor the sales of Volkswagen Beetles in Nevada through year 6.b) What is the MAD?~c) What is the MSE?

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help  please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Which qualitative forecasting technique was developed to ensure that the input fromevery participant in the process is weighted equally?

4.6 The monthly sales for Telco Batteries, Inc., were as follows: Month Sales 20 January February March 21 15 14 April Мay 13 June 16 17 July August September October 18 20 20 November 21 December 23 a) Plot the monthly sales data. b) Forecast January sales using each of the following: i) Naive method. ü) A 3-month moving average. iii) A 6-month weighted average using .1, .1, .1, .2, .2, and .3, with the heaviest weights applied to the most recent months. iv) Exponential smoothing using an a = .3 and a September forecast of 18. v) A trend projection.

What is the connection between forecasting and quality control?

Which qualitative forecasting technique was developed to ensure that the input from every participant in the process is weighted equally?

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Case Study 1: Forecasting Your line manager, Ms Lionheart, has collected and scrutinised performance data for the company. She was concerned that the inventories were high for certain products which had resulted in significant price reductions and losses for the company. At the same time, the company had run out of stock for other items early in the season resulting in unsatisfied customers and lost sales. Ms Lionheart has concluded that the problem was not with the specific products carried in the stock, but with the quantities ordered by the procurement department for two popular products; Dog Ball Launcher and Lightweight Dog Lead. Dog Ball Launcher is a product carried by the company for the past four years. Quarterly demand data for the past four years are shown in table 1. Last year the company seemed to always be out of stock for this item. The model used by the procurement department to forecast demand for this product over the last two years has been Multiplicative Seasonal…

Q2 (a) Understanding the inherent strengths and weaknesses of each forecasting method is important for technology managers to ensure technological development and innovation can be conducted successfully. Compare the strengths and weaknesses of TWO (2) technology forecasting methods.

2) Develop forecasts for FY2023 using the two forecasting methods currently employed by Throx. a) What are the forecast values that you calculated for each? Please be sure to showwork. b) What forecast do you recommend using? Please provide your rationale. c) Are there other considerations or recommendations that you would recommend toThrox about their forecast. PLEASE INCLUDE FORMULAS USED in EXCEL FORMAT. Trying to verify if formulas used were correct.

A reputable FMCG company is holding its Annual Sales Conference on January 30th 2021 for its New Year sales plan. The company is interested in launching new product beside its existing product lines. The new product will be novel in the history of the company.  1. Discuss the techniques of forecasting that will be used by the company for its existing and new products.2. Explain specific type and reason for using those techniques. Also identify the limitations of these techniques.   Answer should be explaining about new product of FMCG company in details (do not expalin genral it should be specific)

K 2. Setting an advertising budget is a forecasting exercise. What are the fundamental principles that should be adhered to when undertaking forecasting?   Be conservative and use the best evidence-based technique available Be innovative and use multiple methods and choose the optimal one Be conservative and use multiple evidence-based techniques, taking the average result Be innovative and use multiple evidence-based techniques, taking the average result

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

The following data were collected during a study of consumer buying patterns:Observation       x     y   Observation     x    y        1                19  72           8            20  77        2                21  81           9            17  73         3                43  79          10           13  77        4                28  81          11           20  85        5                56  98          12           28  93        6                49  96          13           34  94        7                32  82          14a. Obtain a linear regression line for the data.b. What percentage of the variation is explained by the regression line?c. Use the equation determined in part b to predict the expected value of y for x = 49.

What forecasting technique makes use of written surveys or telephone interviews?  Historical analogy, Delphi method, Marketing research, Ad hoc forecasting, or Collaborative forecasting?  2   Which qualitative forecasting technique was developed to ensure that the input from every participant in the process is weighted equally?  Historical analogy, Delphi method, Marketing research, Ad hoc forecasting, or Collaborative forecasting?  3 When forecasting demand for new products, sometimes firms will use demand data from similar existing products to help forecast demand for the new product. What technique is this an example of?  Historical analogy, Delphi method, Marketing research, Ad hoc forecasting, or Collaborative forecasting

What does the term "adaptive forecasting" mean?