Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TN computer Services assembles customised personal computers from generic parts. Formed and operated by part time State University students Tyler and Becker, the company has
TN computer Services assembles customised personal computers from generic parts. Formed and operated by part time State University students Tyler and Becker, the company has steady growth since the time it started. The company assembles computers mostly at night using part time students. Paulette and Maureen purchase generic computer parts in volume at a discount from variety of sources whenever they see a good deal Therefore they need good forecast of demand for their computers so that they could know how many computer parts to purchase and store.
aThe company has accumulated the demand data shown in the below table for its computers for the past months, from which it wants to consider exponential smoothing forecasts using smoothing constants alpha equal to and Create those forecasts for this company.
b Develop an adjusted exponentially smoothed forecast using the same months demand for this company Do use the exponentially smoothed forecast with alpha with a smoothing constant for trend beta of
c The demand data for TN Computer Services appears to follow an increasing linear trend. Do compute and draw a linear trend line for the company to see if it is more accurate than the exponential smoothing and adjusted smoothing forecasts developed in a and in b above.
Demand for Personal Computers for TN Computer Services
jan
feb
mar
apr
may
jun
jul
aug
sep
oct
nov
dec
Step by Step Solution
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