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 2 1,700 2,100 2,448 3 900 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2 Eleven sales executive trainees are assigned selling jobs right after their recruitment.After a fortnight they are withdrawn from their field duties and given a month’straining for executive sales.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.)
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