Estimate annual demand for year using exponential smoothing

Assignment Help Operation Management

Reference no: EM131037470

A company wants to estimate the annual demand for year 2016 using exponential smoothing. The actual demand in year 2015 was 200. The forecast for year 2015 was 170. Set α=0.1. What is the forecast for year 2016?

Reference no: EM131037470

Questions Cloud

What are the communication ethics of labeling a product : What are the communication ethics of labeling a product as made in a country (typically for marketing reasons) when it is only minimally true? Do you think that companies should have to disclose all of the locations where their products are made?

A neighborhood accounting firm : A neighborhood accounting firm. Describe how each of the businesses in question 1 should prepare for security incidents. How likely are the threats you identified in question 1? If you owned these businesses, which of the items you described in quest..

Discuss whether a conflict of interest exists : Your company was hired by the wife to pursue her divorce action against George Peters. You worked with, one of the firm’s associates on the Peters case. Several weeks later you resigned your position at at the law firm to work for Law Connection. Dis..

Geographic domain and concern for survival : Using the Internet, select the mission statement of an organization of your choice, and identify the following components of the statement: 1. Customer and/or market 2. Product and/or service 3. Geographic domain 4. Concern for survival 5. Concern fo..

Estimate annual demand for year using exponential smoothing : A company wants to estimate the annual demand for year 2016 using exponential smoothing. The actual demand in year 2015 was 200. The forecast for year 2015 was 170. Set α=0.1. What is the forecast for year 2016?

Some customers are inherently not profitable and retain : Some customers are inherently not profitable and ‘retain’ because they extract more value from the firm than they provide in terms of revenue, reputation and recommendation. Identify three strategies for addressing this sort of retention ‘problem’. W..

What professional and ethical standard : While on duty, a uniform police officer went to a crowded neighborhood deli to buy a sandwich. The deli owner, Ari, told the officer that it was on the house and payment was not necessary. What professional and ethical standard should be put in place..

Assignments regarding utilitarianism and kantian ethics : In light of this weeks outcomes and assignments regarding Utilitarianism and Kantian ethics. Can a business leader ascribe to a particular ethical philosophy, be shrewd in business and maintain an appropriate legal presence?

Determine the upper and lower control limits for a p-chart : Metropolitan University conducts course assessment each year to monitor the proportion of students who do not meet the minimum passing score on a comprehensive exam given at the end of the students’ academic program. The results are used as an improv..

User Account

All Pages