Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. An Ice-cream seller observed the following demand with in 2 years: Year Quarter Period Demanding 90 150 2 3 240 60 2 1. NO

image text in transcribed

2. An Ice-cream seller observed the following demand with in 2 years: Year Quarter Period Demanding 90 150 2 3 240 60 2 1. NO 2 170 3. 260 At the end of the second year, he wants to forecast the demand for the next four quarters at the end of the second year a) Using the method simple moving averages if N-5, b) Using simple exponential smoothing if alpha-0.8 and the forecast for the current period is calculated as the mean of the three previous periods c) Using trend adjusted exponential smoothing if alpha-0.2 and beta-0.5, the level of the previous period (F.) is 120 and the trend of the previous period is assumed to be 0. d) Using trend and seasonality adjusted exponential smoothing if a-0.2, 1-0.4 and 7-0.25, the level of the previous period (F.) is 210, the trend of the previous period is 70 and the seasonality factors are S-0.48, S-0.55, S.-1.17, and S-1.8 2. An Ice-cream seller observed the following demand with in 2 years: Year Quarter Period Demanding 90 150 2 3 240 60 2 1. NO 2 170 3. 260 At the end of the second year, he wants to forecast the demand for the next four quarters at the end of the second year a) Using the method simple moving averages if N-5, b) Using simple exponential smoothing if alpha-0.8 and the forecast for the current period is calculated as the mean of the three previous periods c) Using trend adjusted exponential smoothing if alpha-0.2 and beta-0.5, the level of the previous period (F.) is 120 and the trend of the previous period is assumed to be 0. d) Using trend and seasonality adjusted exponential smoothing if a-0.2, 1-0.4 and 7-0.25, the level of the previous period (F.) is 210, the trend of the previous period is 70 and the seasonality factors are S-0.48, S-0.55, S.-1.17, and S-1.8

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

The Handbook Of Fixed Income Securities

Authors: Frank Fabozzi, Steven Mann

8th Edition

0071768467, 978-0071768467

More Books

Students also viewed these Finance questions