Discuss the exponential smoothing method

Reference no: EM131891605

Question: Tammy Dough, manager of Dough's Pizza, must forecast weekly demand for these special pizzas, Polish Prize Pizza, so that she can order the correct amount of pizza shells weekly. Recently, the demands are as follows:

Week Number of Pizzas sold.

1 500

2 650

3 520

4 600

5 700

6 600

Forecast the demand for Polish Prize Pizza for Weeks 4, 5 and 6, using the 3 period moving average method.

Forecast the demand for Weeks 4, 5 and 6, using weights of 0.5, 0.3, 0.2 for the most recent, next recent, and most distant data, respectively.

Assume that the forecast for Week 1 is 550. Forecast the demand for Week 2 through Week 6 using the exponential smoothing method with a = 0.3.

Now, forecast the demand for Weeks 2 through 6 using the exponential smoothing method with a = 0.8. How does it compare to that in part (c)?

Reference no: EM131891605

Questions Cloud

What is the project MIRR and NPV : A project has an initial cost of $68,775, expected net cash inflows of $15,000 per year for 9 years, What is the project's MIRR?

Explain Kanban system with a supermarket concept : Taichi Ohno, a former Toyota vice president, promoted the idea of JIT and developed Kanban to improve manufacturing efficiency.

Calculate the taxes owed by the company : Calculate the taxes owed by the Company in each state for the 2013 tax year and the total taxes owed by the Company for the year.

What would after-tax cash flow be from equipment sale : What would the after-tax cash flow be from the equipment sale if the equipment is sold in 9 years for 110,000 dollars and the tax rate is 10 percent?

Discuss the exponential smoothing method : Now, forecast the demand for Weeks 2 through 6 using the exponential smoothing method with a = 0.8. How does it compare to that in part (c)?

Market required yield to maturity on comparable-risk bond : How does the value change if the? market's required yield to maturity on a? comparable-risk bond? (i) increases to 13 percent or? (ii) decreases to 6 percent?

House for the full term and ignore taxes in your analysis : Assume the homeowner will remain in the house for the full term and ignore taxes in your analysis.

Charles probate estate related to revocable living trust : How much is included in Charles’ probate estate related to the revocable living trust? Why?

Compute the efficiency and percent idle time for the system : Use a takt time of 120 seconds and follow the "most following tasks" heuristic rule to assign these tasks to the work stations.

User Account

All Pages