Determine the one step ahead forecast for weeks

Assignment Help Operation Management

Reference no: EM131235243

Observed weekly sales of screwdrivers at city hardware store over 8 weeks period have been 20, 15, 35, 30, 40, 20, 25 and 30.

Determine the one step ahead forecast for weeks 4 through 8, assuming that the three week moving averages are used to forecast the sale

Find the exponential smoothing forecast for weeks 4 through 8. Suppose that exponential smoothing constant α is 0.15. To get the method starting, use the same forecast for week 4 as used in part a.

Based on the MAD, which method did better?

What is the exponential smoothing forecast made at the end of week 6 for the sales in week 12?

Reference no: EM131235243

Questions Cloud

What happens if you compute the average deviation from mean : What happens if you compute the average deviation from the mean, rather than the average squared deviation from the mean?

What should be full load current rating of overload heaters : A large motor has a full load current rating of 425 amperes. Current transformers with a ratio of 600:5 are used to reduce the current to the overload heaters. What should be the full load current rating of the overload heaters?

Analyze the effectiveness of this marketing campaign of oreo : Analyze the effectiveness of this marketing campaign of Oreo. What were the target market(s)? Which of the 4 communication objectives do you think were met? There may be more than one. Support your answer with examples from the campaign.

What are equitable adjustments and value engineering : What are Equitable Adjustments and Value Engineering in regards to Federal Contracting and Federal Aquisition Regulation (FAR)?

Determine the one step ahead forecast for weeks : Observed weekly sales of screwdrivers at city hardware store over 8 weeks period have been 20, 15, 35, 30, 40, 20, 25 and 30. Determine the one step ahead forecast for weeks 4 through 8, assuming that the three week moving averages are used to foreca..

What would you use as market beta estimate for your project : If the stock market returns -10%, and +5% if the stock market returns +10%.- What would you use as the market beta estimate for your project?

New-product launch strategy of google search : Describe the new-product launch strategy of Google search. What were the risks and what factors helped the strategy come to fruition?

Describe your personal beliefs about the aca : During all of this turmoil, the first African American was elected President of the United States. Many changes have taken place since President Obama's election and reelection to the White House. Few of these changes have been debated as much as ..

What effect does the opening of the overload contact have : Refer to the circuit shown in Figure 8-7. Assume that the motor is running and an overload occurs, causing the OL contact to open and disconnect coil M to stop the motor. What effect does the opening of the overload contact have on the pressure sw..

User Account

All Pages