Milka makes boxes of chocolates for which the demand is uncertain. " Quarterly demand (in boxes of chocolates) for the last 3 years follows: Quarter Year 1 Year 2 Year 3 1 3,000 3,300 3,502 1,700 2,100 2,448 900 1,500 1,768 4 4,400 5,100 5,882 Total 10,000 12,000 13,600 a- Use intuition and judgment to estimate quarterly demand for the fourth year. b- Use weighted moving average to estimate the demand for every quarter in the fourth year. Try to calculate the weights from historical data of last two years
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- Annual interest yield refer to problem 13 .suppose the investor decides to increase the maximum invested in highest bonds to $3000 leave the other conditions unchanged .by how much will her maximum possible interest yield increase?QUESTION 3 Consider the basic food items consumed by a rural household: Food item Consumption Price (N$) June 2021 July 2021 June 2021 July 2021 Bread(loaves) 25 26 10.30 10.70 Cooking oil(litres) 5 6 45.00 59.40 Rice(kg) 10 8 34.50 36.20 Meat(kg) 15 16 88.90 92.20 Required to: a)Which food item has had the lowest relative quantity of consumption increase between the months of June and July? b) Which food item has had the lowest relative price increase between the months Juneand July 2021? c) Calculate and interpret a Paasche quantity index for July 2021.Table 1 HPF Demand in the last 12 periods Period Month Demand in '000 Period Month Demand in '000 1 January 37 7 July 43 2 February 40 8 August 47 3 March 41 9 September 56 4 April 37 10 October 52 5 May 45 11 November 55 6 June 50 12 December 54 The manager of the company wants to be certain enough OFC01 are available to complete orders promptly and they have adequate inventory in stock. During the last meeting, a number of forecast techniques have been discussed: Simple moving average n = 4 Weighted moving average with n=4 with the following weights from most recent periods: 0.4, 0.3, 0.2, 0.1 Exponential Smoothing with alpha = 0.2 Linear trend The manager would like to ascertain the best tools that he and his team can effectively manage the production processes. Among the above forecasting methods, which method should be used to forecast the demand for this product? Why? The…
- Question No. 2 Eleven sales executive trainees are assigned selling jobs right after their recruitment.After a fortnight they are withdrawn from their field duties and given a month’straining for executive sales. Sales executed by them in thousands of rupees beforeand after the training, in the same period are listed below:Sales BeforeTrainingSales AfterTraining23 2420 1919 2121 1818 2020 2218 2017 2023 2316 20a. Do these data indicate that the training has contributed to their performance?b. Find the 95 per cent confidence Interval of the training.Question 13 Find revenue AND demand function Show work neatlyThe problem is based on the following data given. Observations of the demand for a certain part stocked at a parts supply depot during the calendar year 2013 were ( as shown ). Using a four-month moving average, determine the two-step-ahead forecast for July through December 2013. (Hint: The two-step-ahead forecast for July is based on the observed demands in February through May.)
- The customer demand for a particular smart phone during Year 0 to Year 5 is given as 1,056,000, 1,032,000, 1,093,000, 1,024,000, 1,066,000, and 1,072,000. Using the Holt forecasting model with trend, what is the forecasted demand in year 10, where w = 0.4 and v = 0.5?a) 1,071,874b) 1,075,573c) 1,077,488d) 1,083,816Two pumps capable of delivering 100 hp to an agricultural application are being evaluated in a present economy study. The selected pump will only be utilized for one year, and it will have no market value at the end of the year. Pertinent data are summarized as given follows. If electric power costs $0.10 per kWh and the pump will be operated 4,000 hours per year, which pump should be chosen? Recall that 1 hp = 0.746 kW.Use this data and and generate a model of the annual maintenance expenses based on the age of the bug. If my bus is 4.1 years old, what are the projected annual maintenance costs? (Enter a whole number) Age of Bus (years) Annual Maintenance Cost ($) 2.4 350 2.3 370 2.4 480 3.1 520 3 590 5.8 550 4.8 750 3.8 800 3.6 790 4.9 950 5.5 915
- On April 1, 2009, in the middle of a recession, the government of the province of Ontario, Canada increased the provincial minimum wage from $8.75 to $9.50. What will the likely effect of this policy be? Question 32 options: Both the leftward shift in the labor demand curve and the higher minimum wage will lead to an increase in the unemployment rate. Low income workers will be better able to survive the recession at the new, higher wage rate. More people will be hired at the higher wage rate offsetting the effects of the recession. The higher wage will increase the supply of labor offsetting the effects of the recession.Question 13 Consider the following demand and supply functions: Demand: P = 100 – 2Q Supply: P = 10 + 4Q The equilibrium Q and P are Q = 15 and P = 70. Find the new equilibrium Q and P if the supply function shifts up by 100%.Ch 13. 3: Enterprise Industries produces Fresh, a brand of liquid laundry detergent. In order to manage its inventory more effectively and make revenue projections, the company would like to better predict demand for Fresh. To develop a prediction model, the company has gathered data concerning demand for Fresh over the last 30 sales periods (each sales period is defined to be a four-week period). The demand data are presented in table below concerning y (demand for Fresh liquid laundry detergent), x1 (the price of Fresh), x2 (the average industry price of competitors' similar detergents), and x3 (Enterprise Industries’ advertising expenditure for Fresh). To ultimately increase the demand for Fresh, Enterprise Industries’ marketing department is comparing the effectiveness of three different advertising campaigns. These campaigns are denoted as campaigns A, B, and C. Campaign A consists entirely of television commercials, campaign B consists of a balanced mixture of television and…