Generate a unit demand forecast for a product

Assignment Help Project Management

Reference no: EM1391459

As a consultant you have been asked to generate a unit demand forecast for a product for Year 2014 using exponential smoothing. Actual demand in year 2013 was 950 but the forecast for that year 1,060. Using this data and a smoothing constant alpha of 0.5, what is the resulting year 2014 forecast value?

Reference no: EM1391459

Questions Cloud

Create the oral report for a speech class : While creating the oral report for a speech class, one of your team members locates the article which fits perfectly with topic. She recommends that group take numerous paragraphs from article.

Ranking data and percentiles : A sample of 148 of our statistics students rated their level of admiration for Hilary Rodham Clinton on a scale of 1 to 7. The mean rating was 4.06 and the standard deviation was 1.70.

Illustrate in what way does david neeleman demonstrate : Find out and give examples of some service which we can offer to Regional Health Information Organization. Illustrate in what way does David neeleman demonstrate an understanding of organizational behaviour?

Valuable molecules as glucose and amino acids : Urine excreted by mammals contains many valuable molecules such as glucose and amino acids, but they are at much lower concentration in excreted urine than in blood.

Generate a unit demand forecast for a product : As a consultant you have been asked to generate a unit demand forecast for a product for Year 2014 using exponential smoothing.

Examine business issue of choosing ethical implications : Create a 250 to 500 word essay which examines the business issue of your choosing that has ethical implications. For instance, research arguments (both for and against) advertising tobacco.

Random sample from a population with a mean : A sample set of 29 scores has a mean of 76 and a standard deviation of 7. Can we accept the hypothesis that the sample is a random sample from a population with a mean greater than 72? Use alpha = 0.01(1-tail) in making your decision.

Explain the fallacy in this argument : the fact remains which many investors like high dividend. If this preference exists, a industry can boost its share price by increasing its dividend payout ratio. Explain the fallacy in this argument.

Determine when it is time to re-evaluate the usefulness : To determine when it is time to re-evaluate the usefulness of the exponential smoothing model you compute tracking signals. What is the tracking signal? What does the tracking signal tells you?

User Account

All Pages