Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Calculate the three-month moving averages from the following data: Jan. Feb. March April May June 57 65 63 72 69 78 July Aug. Sept.

1. Calculate the three-month moving averages from the following data:

Jan. Feb. March April May June
57 65 63 72 69 78
July Aug. Sept. Oct Nov. Dec.
82 81 90 92 95 97
[Osmania Univ., BCom, 1996]

2. The following data provide a time series of the number of Commercial and Industrial units failures during the period 1989 2004.

Year No. of Failures Year No. of Failures
1989 23 1997 9
1990 26 1998 13
1991 28 1999 11
1992 32 2000 14
1993 20 2001 12
1994 12 2002 9
1995 12 2003 3
1996 10 2004 1

Calculate a 5-year and 7-year moving average for the number of units failure.

3. In January, a city hotel predicted a February demand for 142 room occupancy. Actual February demand was 153 rooms. Using a smoothing constant of a = 0.20, forecast the March demand using the exponential smoothing model.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these General Management questions