Question1

Silicon Valley

Silicon Valley serves as a global center for high technology, innovation, and social media. Various cutting-edge companies there produce new ideas, products, services, and business models day in and day out. Some outputs are to change the world in the years to come. Using the knowledge learned from this chapter, discuss the ways of forecasting new product/services. What are the challenges?

Question 2

Quarterly Demand

Quarterly demand for smartphones at a retailer is as shown.

Year	Quarter	Demand
1	I	513
	II	932
	III	1,509
	IV	1,902
2	I	693
	II	1,163
	III	1,857
	IV	2,469
3	I	846
	II	1,439
	III	2,271
	IV	3,079
4	I	1,070
	II	1,751
	III	2,785
	IV	3,613

Forecast quarterly demand for year 5 using the following models:

1. 4-week simple moving average
2. Simple exponential smoothing with=0.1
3. Trend adjusted exponential smoothing (Holt's model) with=0.1and=0.1
4. Linear regression with seasonality

THIS IS THE FULL QUESTIONS. THIS IS THEASSIGNMENT