Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Historical demand for a product is as follows: a. Using a simple four-month moving average, calculate a forecast for October. Note: Round your answer to

image text in transcribed
image text in transcribed
Historical demand for a product is as follows: a. Using a simple four-month moving average, calculate a forecast for October. Note: Round your answer to 2 decimal places. b. Using single exponential smoothing with a=0.2 and a September forecast =65, calculate a forecast for October. Note: Round your answer to 1 decimal place. c. Using simple linear regression, calculate the trend line for the historical data. Lets say the X axis is April =1, May =2, and so on, while the Yaxis is demand. Note: Round your intercept value to the nearest whole number and slope value to 2 decimal places. . Using single exponential smoothing with =0.2 and a September forecast =65, calculate a forecast for October. Note: Round your answer to 1 decimal place. c. Using simple linear regression, calculate the trend line for the historical data. Let's say the X axis is April =1, May =2, and so on, while the Y axis is demand. Note: Round your intercept value to the nearest whole number and slope value to 2 decimal places. d. Calculate a forecast for October using your regression formula. Note: Round your answer to 2 decimal places

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

Essentials Of Management Information Systems

Authors: Ken Laudon, Kenneth C Laudon

10th Edition

0133033090, 9780133033090

More Books

Students also viewed these General Management questions

Question

How do certain genetic conditions affect motor control?

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago