Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The monthly sales for Yazici Batteries, Inc., were as follows: This exercise contains only parts b and c. b) The forecast for the next month

image text in transcribed The monthly sales for Yazici Batteries, Inc., were as follows: This exercise contains only parts b and c. b) The forecast for the next month (Jan) using the naive method = sales (round your response to a whole number). The forecast for the next period (Jan) using a 3 -month moving average approach = sales (round your response to two decimal places). The forecast for the next period (Jan) using a 6 -month weighted average with weights of 0.10,0.10,0.10,0.20,0.20, and 0.30 , where the heaviest weights are applied to the most recent month = sales (round your response to one decimal place). Using exponential smoothing with =0.30 and a September forecast of 18.00 , the forecast for the next period (Jan)= sales (round your response to two decimal places). Using a method of trend projection, the forecast for the next month (Jan) = sales (round your response to two decimal places). c) The method that can be used for making a forecast for the month of March is a 3-month moving average a 6-month weighted moving averge exponential smoothing the naive method a trend projection

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

More Books

Students also viewed these General Management questions

Question

Write short notes on dispatching rules/priority rules. AppendixLO1

Answered: 1 week ago