Calculate the smoothed forecast for each week

Assignment Help Mechanical Engineering

Reference no: EM131235388

Weekly demand for an item averaged 100 units over the past year. Actual demand for the next eight weeks is shown in what follows:

a. Plot the data on graph paper.

b. Letting α = 0.25, calculate the smoothed forecast for each week.

c. Comment on how well the forecast is tracking actual demand. Is it lagging or leading actual demand?

Reference no: EM131235388

Questions Cloud

What is the mean absolute deviation : What action should be taken when unacceptable error is found in tracking a forecast?

Facilitate consumer decision making : Visit a website for a major retailer ( e.g. Harvey Norman, Myer etc). Identify services and processes available through the website that are designed to facilitate consumer decision making.

Calculate the forecast for month 5 : Over the past three months, the demand for a product has been 255, 219, and 231. Calculate the three-month moving average forecast for month 4. If the actual demand in month 4 is 228, calculate the forecast for month 5.

Compare and contrast the different cultures : Explain why you picked the different culture that you are researching. How do you interact with that culture on a regular basis? Compare and contrast the different cultures. Describe the similarities and differences in the way they both nonverbally..

Calculate the smoothed forecast for each week : Comment on how well the forecast is tracking actual demand. Is it lagging or leading actual demand?

What are the assumptions underlying the capm : What are the assumptions underlying the CAPM? - Are the perfect market assumptions among them? - Are there more?

Describe the steps taken to resolve the conflict : Describe the steps taken to resolve the conflict or, if it is an ongoing conflict, propose steps to resolve the conflict. Describe a minimum of three conflict outcomes that could reasonably occur as a result of the conflict resolution. Support your..

Reading a newspaper or magazine article : We all have a question about something. Interview someone that you are interested in learning more about as it relates to business. It could be about starting a business, getting promoted, moving to a new company, changing industries, etc. I wou..

What is the seasonal index for the first quarter : If the average demand for the first quarter was 140 and the average demand for all quarters was 175, what is the seasonal index for the first quarter?

User Account

All Pages