User Account

All Pages

Forecast for the next? month

Assignment Help Basic Statistics
Reference no: EM131954451

The monthly sales for? Yazici? Batteries,? Inc., were? as? follows:

Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

Sales 20 20 16 12 15 15 16 17 22 22 20 23

??a) The forecast for the next? month? (Jan) using the naive? method? =_______ sales? ?(round your response to a? whole? number).

The forecast for the next? period? (Jan) using? a? 3-month moving average? approach? = ______sales? ?(round two? decimal? places).

The forecast for the next? period? (Jan) using? a? 6-month weighted average with weights of? 0.10?, 0.10?,? 0.10?, 0.20?,? 0.20?, and? 0.30?, where the heaviest weights are applied to the most recent? month? =______sales? ?(round to one? decimal? place).

Using exponential smoothing with? α ?= 0.40 and a September forecast of? 20.00?, the forecast for the next?period? (Jan)? =_____ sales? ?(round two? decimal? places).

Using a method of? trend? projection, the forecast for the next? month? (Jan)? =_____sales? ?(round two? decimal? places).

?b) The method that can be used for making a forecast for the month of March? is:

A exponential smoothing

B a? 3-month moving average

C a trend projection

D the naive method

E a? 6-month weighted moving average

Reference no: EM131954451

Questions Cloud

Explain relationship between security and risk management : Explain the relationship between security and risk management. Take a position on which is more important to a small, large and nonprofit organizations.
Why the security guards daytime occupation influenced : Explain why the security guards' daytime occupation influenced the decision in case. Justify the court's decision to neglect this as a case of discrimination.
Lowest debt load : How much debt does a family have to have (relative to their annual income) to be in the top 5% with the LOWEST debt load?
How gender and sexuality have been viewed over time : Popular culture has played a significant role in how gender and sexuality have been viewed over time. The term gender refers to masculine and feminine.
Forecast for the next? month : The forecast for the next? month? (Jan) using the naive? method? =_______ sales? ?(round your response to a? whole? number).
How has the audience changed over time : How has the audience changed over time in relation to your popular culture artifact categories? How have the popular culture artifact categories.
Data to forecast the next period : The following table gives the number of pints of A blood used at Damascus Hospital in the past? 6? weeks:
What role did the companys chief financial officer play : What role did the company's Chief Financial Officer play in creating the problems that led to Enron's financial problems?
Why are you being asked to analyse the case : Brief description of the company and the industry(ies) of which it is part and the main challenge(s) being faced- i.e. why are you being asked.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Potential harmful consequences of committing

Discuss the potential harmful consequences of committing a Type I Error in this situation, and the potential harmful consequences of committing.

  Find the expected value of the arrival time of bus b

Bus B arrives at the same station at a random time between 10:00 A.M. And the arrival time of bus A. Find the expected value of the arrival time of bus B.

  The intelligence quotient iq test scores for adults are

the intelligence quotient iq test scores for adults are normally distributed with a mean of 100 and a standard

  Confidence interval for population mean based on sample mean

Determine 95% confidence interval for the population mean, based on the sample mean.

  Which value of w produces better forecasts

Use w = 0.3 and w = 0.8 to produce an exponential smoothing model for these data. Which value of w produces better forecasts? Explain.

  Does given mean that procrastinating increases illness

A researcher observes that, compared to students who do not procrastinate, students who admit to frequent procrastination are more likely to miss class due to illness. Does this mean that procrastinating increases illness? What is another explana..

  According to a website about salaries the national average

according to a website about salaries the national average salary as of october 2003 for a human resources clerk was

  Conduct exploratory data analysis on two scale variables

For this assignment, add the variable race which is not scalar. Conduct an exploratory data analysis on each of the two scale variables EDUC and FINRELA.

  Remove all insignificant variables and re-estimate the model

Test the estimated slope coefficients for individual variables for significance. Remove all insignificant variables and re-estimate the model

  Replacement from an urn of random composition

The probability law of the number of white balls in a sample drawn without replacement from an urn of random composition.

  Odds ratio for the video game exposure

How would you interpret the odds ratio for the video game exposure?

  Developing a nentry five percent confidence interval

What is a point estimate of the P/E ratio for the population of stocks listed on the New York Stock Exchange? Develop a 95% confidence interval.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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