Determine the best technique for forecasting tfy demand

Assignment Help Other Subject

Reference no: EM13185489

Tires for You, Inc. (TFY), founded 1987, is an automotive repair shop specializing in-replacement tires. Located in Altoona, Pennsylvania, TFY has grown successfully over the past few years because of the addition of a new general manager, Katie McMullen. Since tire replacement is a major portion of TFY's business (It also performs oil changes, small mechanical repairs, etc.), Katie was surprised at the lack of forecasts for tire consumption for the company,. Her senior mechanic, Skip Grenoble, told her that they usually stocked for this year what they sold last year. He readily admitted that several times throughout the season stockout occurred and customers had to go elsewhere for tires.

Although many tire replacements were for defective or destroyed tires, most tires were installed on cars whose original tires had worn out. Most often, four tires were installed at the same time. Katie was determined to get a better idea of how many tires to hold in told in stock during the various months of the year. Listed below is a summary of last
year's individual tire sales by month:

MONTH Tires Used
January 510
February 383
March 1,403
April 1,913
May 1,148
June 893
July 829
August 638
September 2,168
October 1,530
November 701
December 636
Total 12,752

Kate has hired you to determine the best technique for forecasting TFY demand based on the given data.

1. Calculate a forecast using a simple three-month moving average.

Reference no: EM13185489

Questions Cloud

How many ounces of ham were left : Lauren bought 20 ounces of sliced ham. she used 3/4 of the ham to make sandwiches for her friends and 1/5 of the ham in an omelet. how many ounces of ham were left?

Prepare a bank reconciliation : Broom forgot to record a 30 dollar withdrawal at the ATM. The bank statement also collected a 400 dollar noe for broom. Prepare a bank reconciliation?

What is the probability that the letters izo remain : How many different ways can the letters of the word "BRKIZOVER" be arranged in a row if it is required that the letters IZO remain next to each other in order?

What change in government purchases and taxes : Suppose instead that the goverment wished to raise GDP to 7,100, but it was unwilling to run a surplus or deficit. Therefore the change in government purchases would have to be matched by and equal change in taxes. What change in government purcha..

Determine the best technique for forecasting tfy demand : Although many tire replacements were for defective or destroyed tires, most tires were installed on cars whose original tires had worn out. Most often, four tires were installed at the same time. Katie was determined to get a better idea of how many ..

Explain mpurities tend to increase the melting point : mpurities tend to increase the melting point of a pure solid.

Illustrate price change as well as changes to the quantity : The world price of wine is below the price that would prevail in the United States in the absence of trade. a.) Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under ..

How many of these students would you expect to have heights : The heights of 1000 students are normally distributed with a mean of 174.5 centimeters and a standard deviation of 6.9 centimeters .Assuming that the heights are recorded to the nearest half-centimeter,how many of these students would you expect t..

The boiling of a liquid be affected on top of mount everest : How would the boiling of a liquid be affected if it measured on top of mount everest?

User Account

All Pages