Using simple three-month moving average

Assignment Help Operation Management

Reference no: EM131117227

Actual demand for a product for the past three months was

Three months ago 415 units

Two months ago 365 units

Last month 314 units

a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.)

Forecast for this month units

b. If 285 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving average? (Round your answer to the nearest whole number.)

Forecast for the next month units

c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 465 units and the smoothing constant was 0.20? (Round your answer to the nearest whole number.)

Forecast for this month units.

Reference no: EM131117227

Questions Cloud

A fire destroys all of the merchandise of assante company : A fire destroys all of the merchandise of Assante Company on February 10, 2011. Presented below is information compiled up to the date of the fire.

Merchandising and telephone customer service : Develop a training session on any one of the following topics: •Merchandising •Telephone Customer Service. Develop training/instructional objectives for a multi-session four hour business training workshop on your selected topic (at least six objecti..

Which argument do you support : Thus, its efforts to create global name recognition may reduce its name recognition in the United States. Who Is Correct? Use the Internet to learn more about this issue. Which argument do you support? Offer your own opinion on this issue.

What is adrianas gross profit and net profit in dollars : Adriana Co. with annual net sales of $5 million maintains a markup of 25% based on cost. Adriana's expenses average 15% of net sales. What is Adriana's gross profit and net profit in dollars?

Using simple three-month moving average : Using a simple three-month moving average, make a forecast for this month. If 285 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving average? Using simple exponential smoothing, what wou..

Distinguish between gross profit as a percentage of cost : Distinguish between gross profit as a percentage of cost and gross profit as a percentage of sales prices.

Discussed data repository design through database design : We have talked about input design through form design and discussed data repository design through database design. Now this week we look at outputs such as reports. What are the positive impacts of good reporting and why? What are the negative impac..

Home exercise equipment and portable telephones : For each of the following products, identify the benefit Segmentation base that you consider to be the best one for targeting consumers, (a) coffee, (b) soups, (c) home exercise equipment, (d) portable telephones, and-(e) nonfat frozen yogurt. Explai..

What are the major uses of the gross profit method : What are the major uses of the gross profit method?

User Account

All Pages