The following table contains the number of complaints received in the department store for first 6 months of operation:Month Jan Feb Mar April May JuneComplaints 36 45 81 90 108 144a. Calculate the forecast for the month from April through June using 3 month moving average?  b. What will be the forecast for the month of July using 3 month moving average? c. If actual sales for the month of July turned out to be 145, what will be theforecast for August month using 3 month moving Average?

Q: A manufacturing firm has developed a skills test, the scores from which can be used to predict…

A:

Q: Sales of hair dryers at the Walgreens stores in Youngstown,Ohio, over the past 4 months have been…

A: A moving average in statistics is a calculation for analysing data points by generating a sequence…

Q: A check processing center uses exponential smoothing to forecast the number of incoming chewcks each…

A: A) Given forecast in the month of June = Sjune = 42 million Checks received in the month June =…

Q: Choose the type of forecasting technique (survey, Delphi, averaging, seasonal, naive, trend,…

A: The types of forecasting technique (survey, Delphi, averaging, seasonal, naive, trend,…

Q: What is the forecast using exponential smoothing with alpha = .6?           2. If we decide to…

A: ANSWER IS AS FOLLOWS:

Q: Consider the following time series data.   Week 1 2 3 4 5 6 Value 18 13 16 11 18 15   Using the…

A: The naïve method of forecasting uses the value of the previous week as the current week's forecast.…

Q: The moving average forecasting method is typically bestfor products:a) Functional b) Innovativec)…

A: The correct answer is option c) Mature. Moving Average formula is used to average the number of…

Q: The Grand Bakery produces 60 special sourdough rolls every day. Any rolls that are not sold each day…

A: Forecasting is the process of prediction in which sales demand is estimated using historic…

Q: 10. What is the approximate forecast for May using a four-month moving average? a.38 b.43 c.44 d. 47

A: Given data is

Q: 2. The department manager using a combination of methods has forecast sales of toasters at a local…

A: Below is the solution:-

Q: Rosa’s Italian restaurant wants to develop forecasts of daily demand for the next week. Th e…

A: Solution - Given that Day Week 1 Week 2   No of Customers No of Customers Tuesday 52 48…

Q: The following table contains the number of complaints received in a department store for the first 6…

A: Given- MONTH COMPLAINTS January 36 February 48 March 86 April 94 May 112 June 149

Q: subject: strategic management What are some of the issues and danger in forecasting? Cite…

A: The methods and procedures used to forecast company events such as sales, expenditures, and profits…

Q: How did you get 106 for 7/1/2021? For the forecast, how would you calculate an exponential…

A: Exponential smoothing is a forecasting model which considering the actual demand and forecasting…

Q: A check-processing center uses exponential smoothing to forecast the number of incoming checks each…

A: Given Forecast S(June) = 42 million Checks in June X(June) = 40 million Smoothing constant α=0.2

Q: Explain what is the sensitivity analysis with Bayes decision rule used in the forecasting in…

A: Businesses use a method called vulnerability analysis to determine how output changes in response to…

Q: Why is forecasting necessary in OSCM?

A: Forecasting is the method of making future forecasts based on historical and current evidence. It's…

Q: 1. Develop a 5-month moving average for the below given. What will be the forecast month 15? Compute…

A: Moving Average is an important method to forecast the estimation, based on historical data, in…

Q: The Hartley-Davis motorcycle dealer in the Minneapolis– St. Paul area wants to be able to forecast…

A: Given Data

Q: A number of factors must be taken into consideration when selecting a particular forecasting model.…

A: A.The determination of a technique relies upon numerous elements—the setting of the estimate, the…

Q: The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest…

A: Note:-We’ll answer the first three subparts of the question since the exact one wasn’t specified.…

Q: Lori Cook has developed the following forecasting modaly = 36 + 4.3xwhere    y = demand for Kool Air…

A: Demand forecasting is described as the process through which estimations of the future are made over…

Q: TOC/ Tunis Oil Co. started 4 months ago. TOC noticed that its production increased significantly.…

A: The weighted moving average is calculated by multiplying each observation in the data set by a…

Q: a) Compute MAD and MAPE for management's technique. b) Do management's results outperform (i.e.,…

A: MAD stands for mean absolute deviations  MSE stands for mean squared error.

Q: a. Plot the monthly data b. Forecast September sales using: i. A linear trend equation ii. A…

A: THE ANSWER IS AS BELOW:

Q: 2)Auto sales over a 4-month period were forecasted as follows: 89, 98, 105, and 97. The actual…

A: Auto sales over a 4-month period - Month Actual Forecast 1 92 89 2 96 98 3 101 105 4 100…

Q: What can a business do to address the issue of forecasting inaccuracy ?

A: Predicting final demand is a critical role of the supply chain. Numerous businesses are unaware of…

Q: Given the following data of actual sales and forecast for the five months: Month 1, Month 2, Month…

A: Given data is

Q: Develop a forecast  of  enrolment beginning 2014 to 2021  using 3-years moving average forecast…

A: Forecasting is a technique that helps the business to predict the unknown future using the known…

Q: Given the following data of actual sales and forecast for the five months: Month 1, Month 2, Month…

A: The mean absolute error percentage (MAPE) is the average value of absolute error values. Mean square…

Q: A retail store records customer demand during each sales period. The data has been collected in the…

A: given,

Q: 1. Compute the exponentially smoothed forecast of calls for each week. Assume an initial forecast of…

A: THE ANSWER IS AS BELOW:

Q: A recently introduced product has a positive trend in sales. The product’s sales have increased in…

A: Adjusted exponential smoothing forecasting model This is a sort of exponential…

Q: What forecasting technique makes use of written surveys or telephone interviews?  Historical…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Which month is the peak month and percentage of annual enplanements does it represent on average?…

A: I am using the 5-period moving average to forecast 2015 monthly data of enplaned passengers.

Q: Below is the number of complaints received in a department store for the first six months of…

A: A moving average is a strategy to acquire an overall understanding of the patterns in a data…

Q: Use simple exponential smoothing with a 0.6 to forecast chargers sales for February through May.…

A:

Q: onsider the following time series data.   Week 1 2 3 4 5 6 Value 18 12 15 11 18 13   Using the…

A: Given that: Week Value 1 18 2 12 3 15 4 11 5 18 6 13

Q: MSE

A: 3 period moving average = First month + Second month + Third month 3

Q: 4.1 The following gives the number of pints of type A blood used at Woodlawn Hospital in the past 6…

A: Forecasting is the process of determining future sales with estimation using previous or historic…

Q: Develop a three-week moving average. A.What is the forecast for week 5? (Make sure no decimal place…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Why the following Approaches are used in forecasting, how would you interpret them what do they mean…

A: Forecasting is a technique that a marketer uses to estimate various things like a trend, future…

Q: Sales of the Crown Gems have been increasing over the past five years. The operations manager has…

A: Forecasting entails making educated guesses at unknown values based on known values. Exponential…

Q: FORECASTING AIRPORT PASSENGER ARRIVALS arrivals at security checkpoints in order to determine how…

A: BEI airport has an issue in staffing and security checking. In the pinnacle season…

Q: 9. For a specific model of a shoe brand, Carrefour (NIZWA) experienced a sales of 1000 units, 1100…

A: Formulas used: Weighted moving average = ∑widi where w is the weight. d is the actual demand/sales i…

Q: he monthly sales for Yazici Batteries, Inc., were as follows: Month Sales his exercise contains only…

A: Ans) In Naive forecasting, forecast is equal to previous demand. In 3 Month Moving Average forecast…

Q: Holiday Lodge The Holiday Lodge is a large hotel and casino in the Adirondacks.  The relatively new…

A: