Develop an annual forecast for bow rakes for year five

Assignment Help Operation Management

Reference no: EM132111802

Purpose of Assignment

The purpose of this assignment is for students to learn how to apply Operations Forecasting.

Assignment Steps

1. Write a brief APA paper to analyze and comment on the forecasting system being used by Fork and Hoe. Suggest changes or improvements that you believe are justified.

2. Determine if the 4 years of demand data indicate an ANNUAL trend.

3. Develop an ANNUAL forecast for bow rakes for year 5.

4. Determine if the 4 years of demand data indicates MONTHLY seasonality. If so, illustrate how you make the adjustments to your year 5 forecast.

5. Use Exhibit 18.3 in the text to determine your forecasting technique.

6. Develop a MONTHLY forecast for each month of year 5. Use MS Excel. Justify your forecast by showing your work.

Include an Excel spread sheet or include the Forecasting information with the paper to illustrate the details of your orecasting method.

Reference no: EM132111802

Questions Cloud

Describe your process improvement project : The purpose of this assignment is for students to learn process flowcharting/improving a process and summarizing the results.

Find what is the observatory altitude : A sensitive gravimeter at a mountain observatory finds that the free-fall acceleration is 0.0060 m/s2 less than that at sea level (gsealevel = 9.83 m/s2).

Define the concepts of lean manufacturing techniques : Evaluate how this firm uses lean strategies and how much lean techniques has improved the firm's efficiency.

Determine how high is the cliff : A rock is dropped from a sea cliff and the sound of it striking the ocean is heard 3.3 s later. If the speed of sound is 340 m/s, how high is the cliff?

Develop an annual forecast for bow rakes for year five : Determine if the 4 years of demand data indicates MONTHLY seasonality. If so, illustrate how you make the adjustments to your year 5 forecast.

What is the density of the unknown liquid : A rock is suspended by a massless string. When the rock is invacuum, the tension in the string is 39.2 N. When the rock iscompletely immersed in water.

Explain the operations management concepts and tools : Outline what you specifically accomplished, assuming these projects were implemented, and their estimated impacts on the business.

What was the rocket acceleration : A rocket is launched straight up with constant acceleration. Four seconds after liftoff, a bolt falls off the side of the rocket.

Summarize your chosen global-publicly traded organization : Summarize your chosen global, publicly traded organization. Who is it? What does it do? Who does it do it to?

User Account

All Pages