MARK-4441-BARE Cookware Project (ASS4) (1)

QUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months. Months Sales January 69 February 75 March 86 April 92 May 95 June 100 July 108 August 115 September 125 October 131 November 140 December 150 a. Using the following, forecast the sales for the months up to January the following year:- i. A simple three month moving average. [2 marks] ii. A three period weighted moving average using weights of 1, 2 and 3. Assign the highest weight to the most recent data. [3 marks] iii. Exponential Smoothing when α= .6 and the forecast for March is 350. [5 marks] iv. Determine which of the three forecasting technique is the most accurate using MAD. [4 marks]

Show your complete solution for A, B, and C.

Question content area Part 1 Sales of​ Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years​ (see table​ below).                                                      Year Sales 1 450 2 510 3 516 4 555 5 575 Part 2 ​a) Forecasted sales for year 6 using the trend projection​ (linear regression) method are   enter your response here sales ​(round your response to one decimal​ place). Part 3 ​b) The MAD for a linear regression forecast is   enter your response here sales ​(round your response to one decimal​ place). Part 4 ​c) The MSE for the linear regression forecast is   enter your response here sales ​(round your response to one decimal​ place).

Topic: The study of customers’ behavior towards online shopping as opposed to in-store in the Caribbean. What can be the Significance of Research,  Research Question/s, and definition of key terms based on the topic above?In a qualitative method approach.

Definition and Comparison Questions: For each question, provide an explanation of the marketing terms, compare and contrast them  and provide examples of how they are used in marketing. Q 1.2: Primary data and Secondary Data:

QUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months. Months January February March April May June July Sales 69 75 86 92 95 100 108 115 125 131 140 150 August September October November December a. Using the following, forecast the sales for the months up to January the following year:- i. A simple three month moving average. ii. A three period weighted moving average using weights of 1, 2 and 3. Assign the highest weight to the most recent data. iii. Exponential Smoothing when a= .6 and the forecast for March is 350. iv. Determine which of the three forecasting technique is the most accurate using MAD.

A marketing manager wants to know if the sales of the company will increase if he increases the advertising budget. Here, the manager would like to know the nature of the relationship that may be established between advertising and sales by testing the hypothesis: “If advertising is increased, then sales will also go up.” question : Suggest research design for this study.

Question 4 (1 point) As buyers are increasingly facing information overload, salespeople should ensure information is streamlined and personalized. OTrue OFalse Question 5 (1 point) Blogs, white papers, webinars, and presentations should be proyided to targeted customers. OTrue OFalse Question 6 (1 point) dal fne avaluating solution alternatives uses weighted averages.

Q.1: How forecasting helps in different disciplines of management science? Make a comparison between quantitative forecasting versus qualitative forecasting

Alt Degree Assignment January-June Bebeware Open Universby All Gr Special/ Supplementary Structured Timed BMK722-Principles of Marketing 7. A specialty store is A. A store that carries a narrow products line with a deep assortment B. Any store that carries standardized merchandise and sold at lower prices with lower margins and higher volumes C. A store that sells merchandise bought at less than regular wholesale prices and sold at less than retail D. A store that carries several product lines 8. Segmented pricing is A. Promotional money paid by manufacturers to retailers, in return to agreement to feature the manufacturer's products in some way B. Prices that buyers carry in their minds and refers to when they look at given product C. Selling a product or service at two or more prices, where the difference in prices is not based on differences in costs D. None of the above 9. Which of the following is not one of the steps in the new product development process? A. Idea generation B.…

Question 1. The table below shows the sales figure for a brand of shoe over the last 12 months. Months Sales January 69 February 75 March 86 April 92 May 95 June 100 July 108 August 115 September 125 October 131 November 140 December 150 a. Using the following, forecast the sales for the months up to january the following year:- i. A simple three month moving average ii. A three period weighted moving average using weights of 1, 2, and 3. Assign the highest weight to the most             recent data iii. Exponential smothing when α = .6 and the forecast for march is 350

Question 1. The table below shows the sales figure for a brand of shoe over the last 12 months. Months Sales January 69 February 75 March 86 April 92 May 95 June 100 July 108 August 115 September 125 October 131 November 140 December 150 a. Using the following, forecast the sales for the months up to january the following year:- i. A simple three month moving average ii. A three period weighted moving average using weights of 1, 2, and 3. Assign the highest weight to the most             recent data iii. Exponential smothing when α = .6 and the forecast for march is 350   vi. Detemine which of the three forecasting technique is the most accurate using MAD N.B. Only answer IV

QUESTION 5 Choose the answer with the best match.  Elements of a Good Forecast, Meaningful:     The benefits should outweigh the costs       It should work consistently       The degree of accuracy of the forecast should be stated       The forecasting horizon must cover the time necessary to implement possible changes so that its results can be used       The units measured should be useful to those using the forecast     QUESTION 6 There are two main approaches to forecasting.  Choose the best two:       Quantitative, Consumer       Judgmental, Quantitative       Sales force, Judgmental       Historical, Consumer       Expert, Executive     QUESTION 7 Describe the following: Andon     Maintaining equipment in good condition     Maintaining a workplace that is clean     System for moving work to the next station as it is completed     System of lights used at each workstation to…

Q.9 Write a cover letter for your questionnaire on your research topic? Q.10 For your chosen research topic, how will you administer the questionnaire through telephone? Also mention the advantages and disadvantages of it.

Q3 The following table contains the sale of water pumps for the last 10 months in a retail outlet. Week No. Actual Demand Week No. Actual Demand 1 31 36 34 7 38 33 8 40 4 35 9 40 37 10 41 i) Forecast for 11th week using exponential smoothing method for these data using a (alpha) of 0.3, and an initial forecast of 32. ii) Use 3 weeks moving average to forecast 11th month. iii) Identify the best method using Mean Absolute Deviation (MAD). iv) Justify your decision. 2.

Question TWO: i. Identify and explain the Major Steps involved in budgeting                                            ii. What do you understand by business forecasting?  and state         the challenges  faced in forecasting

Activity 3. Sort it Direction: Group and dassify each given words below that corresponds to each P's. MARKETING MIX Product Price Promotion Place People antu: lt n am tal Setling Price Functionality Sponsorships Activities Distribution Channels Service Provided Appearance Discounts Jtarranty Payment Arrangements Public Relatiens Advertising Logistics Atlitudes Message Service Levels Gustomer Service Priee Matching Quality Sarvices Message Rackaging Market Coverage Location Gredit Temis Empleyee Potrayat Appearance Media 12 Note: Practice personal kygiene protecol at all tiaEs. 2021.09.23 13:58

Q35

10-A forecasting method that forecasts progress upward in the organization from small units to ultimately provide an aggregate forecast of employment needs is referred to as zero-base forecasting. bottom-up approach. use of predictor variables. Delphi technique.

Part B Three-period Four-period Units Units Demanded Period weighted moving weighted moving Demanded Three-period weighted moving average forecast average forecast average forecast Four-period weighted moving average forecast 24 2 25 60 28 50 49 S50 4 32 26.33 46 4.90 39,80 40 41 5 35 29.50 28.6 38 35 38 32.83 31.7 30 32 28 25 26,93 250 es 7 41 36.00 34.9 24 20 8 46 39.00 38 49 43.00 41.8 10 10 53 46.67 45.4 50.50 49.2 1 2 3 4 5 6 7 8 9 10 11 1. Make a comparative analysis out of your answers in the plotted data. (3-5 sentences)

Please do not give solution in image format thanku

Question Using a suitable moving average method, find the trend values.

please answer ASAP . Q2 Subject : production and operation management

QUESTION 8 You are given the following information, comprising of an individual's expenses for the year 2015. Use the information provided hereunder to answer the following questions. Month January February March April May June July August September October November December Expenses 1977 820 970 1082 1220 1281 1546 1788 895 1108 1824 1954 a) Determine the expenses forecast using a two (2) period moving average. Calculate the MAD and MSE. b) Determine the expenses forecast using a two (2) period weighted moving average. Use 0.8 & 0.2 for the weights of the most recent and second most recent periods respectfully. Calculate the MAD and MSE. c) Develop an exponential smoothing forecast using a=0.2. Assume the forecast for the first month is the actual expenses for that month. Calculate the MAD and MSE. d) Developed a trend line to forecast expenses

Question No. 1List the specific weaknesses of each of these approaches to developing a forecast:a. Consumer surveys.b. Salesforce composite.c. Committee of managers or executives. Question No. 2What kinds of capacity problems do many elementary and secondary schools periodically experience? What are some alternatives to deal with those problems? Question No. 3The XYZ company produces all type of office furniture. The “Executive Secretary” is a chair that has been designed using ergonomics to provide comfort during long office hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks; TaskTime (min)Immediate predecessor A4- B7- C6A, B D5C E6D F7E G8E I6F, G Draw a precedence diagram of this operationWhat is the cycle time for this operation?What is the theoretical minimum number of workstations?Assign tasks to the workstationsWhat is the idle time per cycle?What is the efficiency of the…

Both parts.

Questions: 1. What are some of the potential benefits of a more formalized approach to forecasting? 2. Prepare a weekly forecast for the next four weeks for each product. Briefly explain why you chose the methods you used. (Hint for product 2, a simple approach, possibly some sort of naive/intuitive approach, would be preferable to a technical approach in view of the manager's disdain of more technical methods).