Monitoring sales of certain over-the-counter pain reliever

Assignment Help Operation Management

Reference no: EM132289191

A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were Day: 1 2 3 4 5 6 7 8 9 Number sold: 33 35 40 42 42 42 43 48 49 Day: 10 11 12 13 14 15 Number sold: 46 52 46 48 57 50 a. Assume the data refer to demand rather than sales. Using trend-adjusted exponential smoothing with an initial forecast of 48 for Day 8, an initial trend estimate of 2, and α = β = .2, develop demand forecasts for Days 9 through 16. Then compute the resultant MSE using the error values from Days 8 through 15. (Round your intermediate period-by-period forecast and error values to 3 decimal places. Round your final MSE answer to 3 decimal places.)

Reference no: EM132289191

Questions Cloud

Centralize communication along two major data links : Th e NDAS’s board of directors has decided that NDAS will centralize communication along two major data links (Atlanta to Tampa and New Orleans to Tampa),

Think of operations related index that your organization : Think of an operations related index that your organization is NOT tracking currently and which you feel is valuable.

New emergency manager has history of dealing with tornadoes : New emergency manager has history of dealing with tornadoes” For many years, you have worked in an emergency management office of a Midwestern state,

What benefits are derived from positive ethical behavior : What benefits are derived from positive ethical behavior for the company? The Stakeholders? The community?

Monitoring sales of certain over-the-counter pain reliever : A pharmacist has been monitoring sales of a certain over-the-counter pain reliever.

Who shaped the field of public administration : Identify significant events and people who shaped the field of public administration.

Buyer-seller relationships in manufacturing organisation : How those the three levels of trust potentially impact buyer-seller relationships in a manufacturing organisation.

Discuss the advantages to terrorists of using cbrne weapons : List and discuss the “advantages” to terrorists of using CBRNE weapons. What are the disadvantages?

What is the trans pacific partnership agreement : What Is The Trans Pacific Partnership Agreement? What Does The Trade Agreement Involve?

User Account

All Pages