Prepare three-period moving-average forecasts for the data

Assignment Help Operation Management

Reference no: EM131911753

Question: 1. Daily demand for marigold flowers at a large garden store is shown below. Compute:

a. A three-period moving average for each period.

b. A five-period moving average for each period.

2. The number of daily calls for the repair of Speedy copy machines has been recorded as follows:

a. Prepare three-period moving-average forecasts for the data. What is the error on each day?

b. Prepare three-period weighted-moving-average forecasts using weights of w₁ = .5, w₂ = .3, w₃ = .2.

c. Which of the two forecasts is better?

Reference no: EM131911753

Questions Cloud

Calculate the expected rate on five-year treasury bond : Calculate the expected rate on a 5-year Treasury bond purchased five years from today, E(5r5).

Find forecasts using three and five period moving average : Calculate forecasts using a three- and five-period moving average. Graph these forecasts and the original data using Excel. What does the graph show?

According to unbiased expectations theory : According to the unbiased expectations theory, what is the 1-year forward rate for the period beginning one year from today, 2f1?

Assume that the maturity risk premium is zero : The Wall Street Journal reports that the current rate on 9-year Treasury bonds is 6.10 percent, Assume that the maturity risk premium is zero.

Prepare three-period moving-average forecasts for the data : The number of daily calls for the repair of Speedy copy machines has been recorded as follows: Prepare three-period moving-average forecasts for the data.

How cpfr can be used to reduce forecasting error : Explain how CPFR can be used to reduce forecasting error. Question 2? In the Stokely Company, marketing makes a sales forecast by developing a sales force.

How should forecasting in the company be done : In the Stokely Company, marketing makes a sales forecast by developing a sales force composite. Meanwhile, operations makes a forecast of sales based on past.

What does the market expect one-year treasury rate : what does the market expect the 1-year Treasury rate to be nine years from today,

How should the choice of a be made for exponential smoothing : What type of time-series components would you expect for the following products and services? How should the choice of a be made for exponential smoothing?

User Account

All Pages