Use the last-value method

Reference no: EM131104805

The Hammaker Company's newest product has had the following sales during its first five months: 5 17 29 41 39. The sales manager now wants a forecast of sales in the next month. (Use hand calculations rather than an Excel template)

(a) Use the last-value method.

(b) Use the averaging method.

(d) Given the sales pattern so far, do any of these methods seem inappropriate for obtaining the forecast? Why?

Reference no: EM131104805

Questions Cloud

Lincoln corporation has retained earnings : Lincoln Corporation has retained earnings of $675,000 at January 1, 2004. Net income during 2004 was $2,400,000, and cash dividends declared and paid during 2004 totaled $75,000.

Write a one page executive summary - terrorist organization : You have been tasked by your supervisor to write a one page Executive Summary and a 5-7 page threat assessment on the terrorist organization currently of interest to the U.S.

Going well for the good-value department store : Sales of stoves have been going well for the Good-Value Department Store. These sales for the past five months have been 15 18 12 17 13. Use the following methods to obtain a forecast of sales for the next month. (Use hand calculations rather than..

Discuss the current controversy about corporal punishment : Based on what you have learned so far from Cleverley & Phillips' Visions of Childhood, I ask that you first identify each side of the historical debate (those for, and those against corporal punishment) and briefly summarizing what you perceive as..

Use the last-value method : The Hammaker Company's newest product has had the following sales during its first five months: 5 17 29 41 39. The sales manager now wants a forecast of sales in the next month. (Use hand calculations rather than an Excel template)

Reduce the overconsumption of health care : PPOs and HMOs reduce the overconsumption of health care by A. charging on a fee-for-service basis and reducing administrative costs. B. reducing administrative costs and denying expensive services. C. reducing administrative costs and providing preve..

Estimate victorias first year capital gain yields : Estimate their prices (Bond prices). Estimate their current yields. If interest rates remain unchanged by next year, estimate their prices a year from now. Estimate their first year capital gain yields. Hint: CGY = (P1-P0)/P0

What would be the profit or loss of an arbitrage portfolio : Assuming that all the parameters of the problem remain the same, what would be the profit or loss of an arbitrage portfolio at expiration?

Kirby puckett corporation reported net income : In 2004, Kirby Puckett Corporation reported net income of $1,200,000. It declared and paid preferred stock dividends of $250,000. During 2004, Puckett had a weighted average of 190,000 common shares outstanding. Compute Puckett's 2004 earnings per sh..

User Account

All Pages