Solution-Determine the forecast of shipments

Determine the forecast of shipments

Assignment Help Engineering Mathematics

Reference no: EM13961655

The following table lists the worldwide shipments of personal computers (in thousands) according to Dataquest.

Year Shipments (in thousands)

1990 23,738

1991 26,966

1992 32,411

1993 38,851

1994 47,894

1995 60,171

1996 71,065

1997 82,400

1998 97,321

(a) Use exponential smoothing to determine the forecast of shipments for the year 1999. Use the actual shipments for 1990 as the starting forecast for 1991. Use a smoothing constant of ? = 0.4.

(b) Plot the data, fit a trend line, display equation and R2 on the chart and discuss the strength of prediction of the regression model. Note: Use 1990 = 1, 1991 = 2, and so on to get more accurate equation.

(d) Which forecasting method would you prefer to use and why? Note: Compute MAPE for the two forecasting methods to compare the accuracy for the period 1992-1998.

Reference no: EM13961655

Questions Cloud

Hand inventory would be negative without production : Prepare a master schedule given this information: It is now the end of week 1; customer orders are 25 for week 2, 16 for week 3, 11 for week 4, 8 for week 5, and 3 for week 6. Use the MPS rule of ordering production when projected on-hand inventory w..

Gap in current research dealing with sexualized adolescent : C.J. Pascoe, the ethnographic research in this study, identifies a gap in current research dealing with sexualized adolescent identities. What is the potential gap he identifies and how does his research fill this gap?

What are the differences between data and information : What are the differences between data and information, and how can they be used for effective planning and decision-making? How does access to data and information impact a manager’s ability to initiate, maintain, and control quality in an organizati..

What is the magnitude of the force of friction f : What is the minimum coeffecient of static friction mu_min required between the ladder and the ground so that the ladder does not slip? Express μmin in terms of m_1, m_2, d, L, and theta.

Determine the forecast of shipments : Use exponential smoothing to determine the forecast of shipments for the year 1999. Use the actual shipments for 1990 as the starting forecast for 1991. Use a smoothing constant of ? = 0.4.

Write a java program to accept a day number : Write a Java program to accept a day number from the user and display the corresponding day name by using the if/else construct. Rewrite the program using the switch case construct

Find dimension of playground that will enclose greatest area : A rectangular playground is to be fenced off and divided into two parts by a fence parallel to one side of the playground. 240 feet of fencing is used. Find the dimensions of the playground that will enclose the greatest total area.

Service time follows an exponential distribution : A fast food restaurant currently has 2 cashiers. Upon arrival, customers form a single line and place their food order at the next available register. Assume that customers arrive at the rate of 35 per hour. It takes an average of 3 minutes to place ..

The evaluation of students in first-year writing : For this writing, let's start with the issue of the evaluation of students in First-Year Writing (FYW) courses. What if we were to make the claim that all FYW should be "Pass/No Entry," that is, while individual work would be graded, the overall ..

User Account

All Pages

Determine the forecast of shipments

Reference no: EM13961655

Reference no: EM13961655

Questions Cloud

Reviews

Write a Review

Engineering Mathematics Questions & Answers

Prime number theorem

Proof of bolzano-weierstrass to prove the intermediate value

Antisymmetric relations

Distributed random variables

Prepare a system of equations

Managing ashland multicomm services

Skew-symmetric matrices

Type of taxes and rates in spokane wa

Stratified random sample

Find the probability density function

Develop a new linear programming for an aggregate production

Discrete-time model for an economy

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT