Question
A sporting goods company has sold the following quantities of golf bags over the six months: Jan-54, Feb-62, Mar-74, Apr-65, May-50, and June-58. A.) Using
A sporting goods company has sold the following quantities of golf bags over the six months: Jan-54, Feb-62, Mar-74, Apr-65, May-50, and June-58.
A.) Using a four-month average find the July forecast
B.) Using a weighed moving average of .4, .3, .2, & .1 find the July forecast
C.) Using exponential smoothing with an Alpha = .20 and a June forecast of 56, find the July forecast.
Step by Step Solution
3.48 Rating (148 Votes )
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managing Operations Across the Supply Chain
Authors: Morgan Swink, Steven Melnyk, Bixby Cooper, Janet Hartley
2nd edition
9780077535063, 007802403X, 77535065, 978-0078024030
