Using exponential smoothing method, forecast the demand for the fourth period. The historical demand for the previous three periods is 40, 42, and 43 respectively, assume Alpha =0.4 (Round to 2 decimals) O a. None is correct O b. 41.92 41.68 Od. 42.8 e. 42
Q: Sara manages one of the Albireds shoe lines, and is working to improve the group's forecasting…
A: Given data is
Q: A. The Naive Approach B. Three month moving average C.A weighted moving average using 0.60 for the…
A: Forecasting techniques are used to predict future events. Forecasting is the process of estimating…
Q: a) Using exponential smoothing, with a = .6, then trend analysis, and finally linear regression,…
A: a)
Q: Given the following data, use exponential smoothing(a = 0.2) to develop a demand forecast. Assume…
A: Given data Exponential smoothing (a) or α= 0.2 Initial time period (F1) = 5 To develop the demand…
Q: Given an actual demand of 103, a previous forecast value of 99, and an alpha of .4, the exponential…
A: Forecast using the exponential smoothing method: Demand for current period = 103 Forecast for…
Q: Using exponential smoothing method, forecast the demand for the fourth period. The historical demand…
A: Exponential smoothening is a time series forecasting method that uses the previous data to forecast…
Q: Chambers Hotel use the simple exponential smoothing technique to forecast its occupancy for every…
A: Given- Actual demand for last Saturday At = 42 rooms Forecast for last Saturday Ft = 50 rooms…
Q: Tracy is the the Director of Supply Chain at Circuits Inc. An accurate forecast at Circuits Inc. is…
A: Error = Actual demand - Forecast Absolute Error = Positive Value of Error MAD = Average of Absolute…
Q: (a) Compute a weighted average forecast for the data listed below using a weight of 0.40 for the…
A:
Q: A store’s demand figures are given in the table. According to this, what is the linear regression…
A: Forecasting is the process of determining the estimated forecast demand using previous or historic…
Q: Jsing trend-adjusted exponential smoothing, Forecasts (F,), Trend (T,), and Forecasts Including…
A: Given: α=0.20β=0.41(F1)=9 unitsT1=2 units Months Actual Demand (At) Forecast (Ft) Trend (Tt)…
Q: Using the moving average forecast, is it possible to forecast a demand that is biggerthan any…
A: Forecasting is the procedure of prediction making for the future grounded on past as well as present…
Q: The average demand for January has been 80, and the average annual demandhas been 1800. Calculate…
A: Forecasting in operations management is a process by which predictions are made for the production.…
Q: An operations manager at a grocery store has tracked the sales of a specific item over the last ten…
A: Given Data- Period Demand 1 24 2 23 3 26 4 36 5 26 6 30 7 32 8 26 9 25 10 28
Q: Assignment What if we use a 3-month simple moving average? Kroger sells (among other stuff) bottled…
A:
Q: Period Actual 1 12 2 15 16 4 16 Given the information in the following table, Use exponential…
A: Note: - Since the actual data for period 5 is not given, the trend-adjusted forecast can be made by…
Q: When a business is started, or a patent idea needs funding, venture capitalists or investment…
A: A profitability forecast is a set of figures included in a business plan. The result of forecasting…
Q: Consider the following actual (A,) and forecast (F,) demand levels for a commercial multiline…
A: The forecast for period 5 can be computed as follows:
Q: Using the exponential smoothing forecast, is it possible to forecast a demand that isbigger than any…
A: Exponential Smoothing:- Like the past 2 techniques, guileless and moving midpoints, the dramatic…
Q: March demand was pridicted at 590 units of gear cycles of trevaa Itd. But the actual demand was 400…
A: Given: March forecasted demand (Ft-1) =590 Units Actual march demand(At-1) = 400 Units Alpha= 0.72…
Q: a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.55 and a week 1…
A: Exponential smoothing formula : Ft = At-1*α + (1- α)*Ft-1 Error = Actual value - Forecasted value…
Q: a) The forecasted demand for the week of October 12 using a 3-week moving average = pints (round…
A: Forecasted demand is the future demand of customers predicted based on the previous data or demand.…
Q: expertise
A: The answer to this question is false
Q: why forecasting is needed in business a. to ascertain resource requirements b. to project profit…
A: Forecasting is a form of making knowledgeable predictions by utilizing historical data as the major…
Q: Period 1 2 3 4 5 6 1. Compute the four period moving average forecast for period 6 and 7. Assume the…
A:
Q: Using exponential smoothing with a weight of 0.6 on actual values: (a) If sales are $45,000 and…
A: Serial No Years Actual sales(At) Forecast sales(Ft) F1 2017 45000 - F2 2018 50000 45000 F3…
Q: AD, M Moving Average Model (past 3 Weeks), A. B. Exponential Smoothing Model (a = 0.2) с. What is…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: Using exponential smoothing method, forecast the demand for the fourth period. The historical demand…
A: Alpha=0.9 At Ft Period Demand Forecast 1 41 41 2 42 0.9(41)+0.1(41)=41 3…
Q: A firm uses simple exponential smoothing with trend adjustment to forecast demand, "a = 0.6" and…
A: Given, TAF for first month TAF1 = 434 units Actual demand for first period A1= 488 units Trend T1 =…
Q: If we use a simple exponential smoothing method with ??=0.3, ??11=100 and ??12=120, what is your…
A: Inventory management is the management in which raw materials and finished products are stored and…
Q: 4. What is the difference between trend and seasonality in time series data? 5. Here are the errors…
A: Note: - Since the exact question that has to be answered is not specified, we will answer only the…
Q: I got super lost on this one, the correct answers are shown but not how they solved or got to the…
A: Formula: Answer:
Q: Assume that the actual sales volume were 1,800; 2,000; 1,700; 1,600; 1,900; and 2,100 for Days 1 to…
A:
Q: Exponential Smoothing, Exponentially Smoothed MAD, and Tracking SignalThe XYZ Company was flooded by…
A: Formula:
Q: constants of .6 and .9, develop fo recasts for the sales of VWBeetles. What effect did the smoothing…
A: Note: - Since the data for the 'Volkswagen Beetles' question is not given we will answer the…
Q: Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures:…
A: The concept used here is forecasting evaluation using Mean absolute deviation and Mean square error…
Q: Exotic Wines, Inc. wants to use exponential smoothing with α = 0.35 to forecast demand in bottles…
A: The detailed solution of the question is given in Step 2.
Q: 6. Consider the following data table. (12 Points) a) Forecast demand using exponential smoothing…
A: Error = Real demand - Forecast Absolute Error = Positive value of Error Error Square = square of…
Q: Seatwork Compute for MAD, MSE and MAPE using Moving Average Model (past 3 Weeks), В. А. Exponential…
A: Forecasting is the process of estimating the future demand or sales using the previous years or…
Q: b. Using exponential smoothing with a = 0.40, if the exponential forecast for week 3 was estimated…
A: Exponential smoothing is a forecasting model which helps to identify forecasting value using the…
Q: a. Using linear regression analysis, what would you estimate demand to be for each month next year?…
A: THE ANSWER IS AS BELOW:
Q: March demand was pridicted at 590 units of gear cycles of trevaa ltd. But the actual demand was 400…
A: Given: March demand forecasted (Ft-1) = 590 Units March actual demand (At-1) = 400 Units Alpha =…
Q: Using exponential smoothing method, forecast the demand for the fourth period. The historical demand…
A: Exponential Smoothing: The exponential smoothing process is continuing to practice past data of the…
Q: Given an actual demand this period of 105, a forecast value for this period of 100, and an alpha of…
A: n exponential smoothing forecast, Next forecast = Previous forecast+α(Actual-Previous forecast)
Q: Not all the items in your office supply store are evenly distributed as far as demand is concerned,…
A: Given- Week Demand Week 1 250 Week 2 350 Week 3 550 Week 4 650
Q: a. Naive b. A four-period moving average c. Exponential smoothing with a = .30; use 20 for week 2…
A: Forecasting is the process of prediction in which sales demand is estimated using historic…
Q: Daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14,…
A: Given data; Weights ; (3/5) for period 10 (1/5) for period 9 (1/5) for period 8 Demand for ; 15…
Q: Using the double exponential smoothing forecast, is it possible to forecast a demand thatis bigger…
A: Forecasting is a prediction method that can use historical data and current market trends and…
Step by step
Solved in 2 steps
- Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *Month# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole numberQ2: A company has seasonal demand, with the forecast for the next 12 months as given below. The current labor force can produce 500 units per month. Each employee can produce 20 units per month, and is paid $2,000 per month. The inventory carrying cost is $50 per unit per period. It costs $100 to hire or layoff an employee. Assume 200 units of initial inventory and we would like to keep the similar level at the end of the year. Month 1 3 4 7 8 9 10 11 12 Demand 660 700 840 700 660 500 600 840 80 900 700 600 Please use level and chase strategy to calculate the total cost of two plans (please show your work).
- Unit 4 Exercises Question 4.1 Use exponential smoothing with trend adjustment to forecast demand for period 11. Let a = 0.5, B = 0.3, and let the initial trend value be 12 and the initial forecast be 200. 田 Actual Period Demand 1 200 2 212 3 214 4 222 236 221 7 240 8 244 9 250 10 266 Question 4 2Problem 4. Considered a (s,S) system, with s = 80 and S = 200. The forecasted demand for the next 12 months is given in the following table. Initial inventory is 180, lead time is zero, and review is done at the end of every month. Find the order quantity. Mes, t 1 2 3 4 5 6 7 8 9 10 11 12 Demanda, D 65 110 | 80 150 120 90 50 170 140 125 55 80Solve the following questions Q1. A. From the following forecast determine the monthly inventory balances required to follow a plan of letting the inventory absorb all fluctuations in demand. In this case, we have a constant work force, no idle time or overtime, no back orders, no use of subcontractors, and no capacity adjustment. Assume that the firm does not use safety stock or cushion inventory to meet the demand. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Month Forecasted demand 90 220 210 400 612 700 378 220 200 110 100 260 Production days 22 18 21 20 22 20 21 22 20 25 19 20
- Compute for MAD, MSE and MAPE using Moving Average Model (past 3 Weeks), В. А. Exponential Smoothing Model (a = 0.2) С. What is your sales forecast for Period 8 using A and B? Period Actual Sales Forecast Error Error Error |Error %| 1 39 44 3 40 4 45 5 38 6. 43 7. 39 MAD MSE МАРЕ Compute for MAD, MSE, and MAPE using the Moving Average Model (past 3 weeks). Use two decimal places and do not put unit of measurement (UoM). (for example 35.00 or 35.40) MAD is Blank 1. MSE is Blank 2. MAPE is Blank 3%. Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Compute for MAD, MSE, and MAPE using the Exponential Smoothening Model (a=0.2). Use two decimal places and do not put unit of measurement (UoM). (for example 35.00 or 35.40) MAD is Blank 1. MSE is Blank 2. MAPE is Blank 3%. Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer What is your sales forecast for period 8 using Moving Average Model and Exponential Smoothing Model? Use two decimal places and…In past 4 weeks, AOC (Arab oil company) started producing and distributing national engine oil to substitute French Total and Esso brands. Production reported to be in thousands: 2, 4, 3, 5 TG Thousand Gallons). AOC production will be calculated after 5 more weeks.Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70
- php?attempt=104149&cmid%330865 aline Services v OS Ticket system My Dispense Academic Calendar N My courses 3) v Q b) Calculate the weighted moving average for periods 7 through 10 using weights of 0.6, 0.3, and 0.1. n Lo S : Cha Weighted moving Period Actual average 1 64 2 84 3 91 4 97 115 6. 135 7. 137 8. 144 6. 153 10 171 beriods 7 through 10. Use 5.21. Given the forecast and booked orders shown in the table below, and a beginning inventory of 45, what is the master production schedule quantity for period 4 if you want to end period 4 with 0 inventory? Period 1 2 3 4 Forecasted Demand 70 65 60 55 Booked Orders 80 60 30 50 Projected ending inventory Master production schedule 70 60 65 Available to Promise 0 Group of answer choices 35 30 20 25Urgent plz: None of answers provided previously were correct. Need correct answers. Organized A statistical program is recommended. The quarterly sales data (number of copies sold) for a college textbook over the past three years follow. Quarter Year 1 Year 2 Year 3 1 1,690 1,800 1,850 2 940 900 1,100 3 2,625 2,900 2,930 4 2,500 2,360 2,615 compute the quarterly forecasts for year 4. (Round your answers to the nearest ten.) quarter 1 forecast ________ quarter 2 forecast_______ quarter 3 forecast ________ quarter 4 forecast _______ Based upon the seasonal effects in the data and linear trend, compute the quarterly forecasts for year 4. (Round your answers to the nearest ten.) quarter 1 forecast ________ quarter 2 forecast_______ quarter 3 forecast ________ quarter 4 forecast _______