Forecast demand for units

Assignment Help Business Management
Reference no: EM1339078

A manager has been using a certain technique to forecast demand for word processing units for the past six periods. Actual and predicted amounts are shown below. Would a naive forecast have produced better results?

Period--------Demand-------Forecast

1---------------90----------------87

2---------------85----------------88

3---------------91----------------87

4---------------92----------------89

5---------------95----------------90

6---------------88----------------92

Reference no: EM1339078

Questions Cloud

Total risk of iggy''s portfolio : Determine the total risk of Iggy's portfolio
One basic popular voting scheme is rank-order voting : One basic popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternativ..
Phenomenon of supply and demand in us health care : Include also into discussion the phenomenon of supply vs. demand in US health care, resource allocation (human and financial resources), and the associated ethical dilemmas.
Describe when economists with different political views : Describe when economists with different political views do cost/benefit comparisons, they often reach different conclusions. If their analysis is based on objective costs and valid techniques, why wouldn't they reach similar conclusions, even if t..
Forecast demand for units : A manager has been using a certain technique to forecast demand for word processing units for the past six periods.
Compute the change in g value for the reactions : compute the change in G value for the reactions
Elucidate what effect on international trade : One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. Elucidate what effect do you think this will have on international trade between countries.
Show the three levels of product : Show the three levels of product and any accompanying features that might be present at each level.
How several 25 ml vials can they fill : How several 25 ml vials can they fill. An Eon of time is defined as 1 billion years (1x10^9 years). How long is this in seconds? Assume one year is equal to 365.25 days.

Reviews

Write a Review

Business Management Questions & Answers

  Simple regression between walk times and cholesterol levels

A health researcher is interested in determining whether or not the speed at which people,  a simple regression between the walk times and the cholesterol levels

  Gemini fabricators-case study

Gemini Fabricators produces parts and subassemblies for a number of small-volume manufacturers of specialized construction equipment, including bulldozers, graders, and cement mixers.

  Competition and executive knowledge

Shouldn't executives know about their industry and competitors?

  Binomial distribution using appropriate normal distribution

For problems 1- 3, use the appropriate normal distribution to approximate the resulting binomial distributions. A coin is weighted so that the probability of obtaining a head in a single toss is 0.3. If the coin is tossed 35 times, what is the prob..

  Determine the arithmetic mean

The Humans Relations Director at Ford began a study of the overtime hours in the Inspection Department.    Determine the arithmetic mean  and indicate whether it is a statistic or parameter.

  Risk assessment issues

What potential might there be for bringing Boards more deeply into governance and risk assessment issues than in the past, all without adding significantly to a Director's required time commitment?

  Analysis of decision making strengths and weaknesses

Choose a decision Making Methodology. Provide a brief explanation of the steps involved, the types of decisions that could be made using it, and a brief analysis of its strengths and weaknesses.

  Mortgage interest rate-monthly revenue

You have been hired as the Chief Financial Officer, a newly created position, for a rapidly growing nonprofit organization that sells discounted clothing.

  Reporting practices and ethics paper

Find two or three articles that address financial reporting practices and ethical standards in health care finance, including Generally accepted accounting principles and Corporate compliance, ethics, or fraud and abuse.

  Corporate ethics officer and whistle blowing

You've been asked by your CEO to recruit for a new position: corporate ethics officer. Make a job description for this new position. In job description, make sure to describe the role the ethics officer will play in company as well as the qualifica..

  Determine the new productivity

Susan has a part-time "cottage industry" producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars.  She thinks that by redesigning the ornaments and switching from use of a wood glue to a hot-glue gun she can increase he..

  Determining the product life cycle

Provide rationale for your answer. Based on your knowledge of the product life cycle, what types of changes will occur to this product as it continues through the product life cycle? How will this affect marketing of the product?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd