Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The actual monthly demand for a mountain bike at Target from month 1 to month 3 is 59,105,58, respectively. The manager decided to use


image

The actual monthly demand for a mountain bike at Target from month 1 to month 3 is 59,105,58, respectively. The manager decided to use a weighted moving average forecasting model to forecast the demand for month 4 with weights 1.25,4.25.4.5, where the last weight is for the most recent actual demand. What is his forecast? (Do not round intermediate calculations. Round your final answer to the nearest whole number. Only enter a number. Do not enter any units.)(@orsdemir. Copyrighted material) Question 6 4 pts An analysis of the cost of operating a truck was conducted by accounting manager Diac Band. The following model was developed: y=1850+0.11 x m, where y is the annual cost and m is the miles driven. If the car is driven 1000 this year, what is the forecasted cost of operating this automobile? (Do not round intermediate calculations. Round your final answers to the nearest whole number. Do not enter any units. Corsdemir, Copyrighted content. Cannot be posted)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Weighted Moving Average Forecasting Model Given Demand in Month ... 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

Operations Management Sustainability and Supply Chain Management

Authors: Jay Heizer, Barry Render, Paul Griffin

2nd Canadian edition

978-0133764345

More Books

Students also viewed these Finance questions