Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You do have some information: - Q1 (January through March) = 60% of average quarterly demand - Q2 (April through June) = 80% of average
You do have some information:
- Q1 (January through March) = 60% of average quarterly demand
- Q2 (April through June) = 80% of average quarterly demand
- Q3 (July through September) = 140% of average quarterly demand
- Q4 (October through December) = 120% of average quarterly demand.
You just ran the forecast at the end of September (end of 2014Q3) and you have the following estimates:
For level:_2014Q3 = 1044 units
For trend: (^)b_2014Q3 = 41.1 units per quarter
- What is your forecast for demand for 2014Q4? In other words, what is (^)x_2014Q3,2014Q4?
- Suppose the actual demand for item SMG25 in 2014Q4 is 1050 units. What is the lowest possible value for your estimate for level (^)x_2014Q3,2014Q4 ?
- The model was run at the end of 2014Q4. It provided you with the most recent estimates of each pattern. The estimate for level,_2014Q4 was 1067.8. What is the value of alpha?
- The model was run at the end of 2014Q4. The estimate for trend, (^)b_2014Q4 was found to be 39.6. What is value of beta?
- The model was run at the end of 2014Q4. The estimate for seasonality, (^)F_2014Q4 was found to be 1.189, before any normalization was done. What is the value of gamma?
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