Using moving-average forecast-exponential smoothing method

Assignment Help Operation Management

Reference no: EM13854869

The company wants to forecast this year’s demand for manual typewriters based on the following historical data:

Time Period Demand

5 years ago 900

4 years ago 700

3 years ago 600

2 years ago 500

Last year 300

A) What is the forecast for this year using a moving-average forecast based on the last three years?

B) What is the forecast for the next period using exponential smoothing method with a alpha factor of 0.4? a= 0.4

Reference no: EM13854869

Questions Cloud

What are the functions of database management software : What are the functions of database management software (DBMS)? Name some common database management software.

Immigration-short run : Home produces fish using unskilled labor (U) and capital (K) and computers using skilled (S) and (U). Unskilled labor is mobile between industries. Capital and skilled labor are specific to their industries. Goods prices are fixed on world mark..

In terms of the generic competitive strategies model : In terms of the generic competitive strategies model, which of the four strategies often followed by an organization? Do the strategies support the vision, mission, and goals? Does the organization have critical strengths, weaknesses, opportunities, ..

Examples of organizational control in an organization : Give three examples of organizational control in an organization. Within the same organization, give three examples of group and/or individual self-control that were present.

Using moving-average forecast-exponential smoothing method : The company wants to forecast this year’s demand for manual typewriters based on the following historical data: What is the forecast for this year using a moving-average forecast based on the last three years? What is the forecast for the next period..

Does a company sacrifice quality when it outsources : Does a company sacrifice quality when it outsources? Imagine you own a small business. Would you outsource? If so, what functions? If not, why not

Define boundary that will set limits of your investigation : Define the boundary that will set the limits of your investigation. Provide a justification of why the above will furnish a context for studying this module.

Find the optimal size of government subsidy : Policy makers are considering adoption of a deficiency payment program. Find the optimal size of government subsidy G (where G = Ps - Pd), when the government objective, or policy objective, is to maximize:

Organizational-wide intervention : Under what conditions would it be most appropriate to use each of the major OD interventions; individual, team, or organizational-wide intervention?

User Account

All Pages