What is difference if you use three month moving average

Assignment Help Operation Management
Reference no: EM13905425

A historical demand (observation) of paper sales in cases is: January, 45; February, 40; March, 35; April, 50; and May, 55.

Using a two month moving average, what is the forecast for June? What is the difference if you use a three month moving average? If June experienced a demand of 65, what are these forecasts for July?

Suppose that the forecast (not observation) for January was 65. Using single exponential smoothing with an alpha = 0.25, compute the exponential smoothing forecast for February through June.

Reference no: EM13905425

Questions Cloud

Strategy require significant difference geographical segment : Which strategy requires a significant difference among geographical segments of its customers?
Managerial skills-management levels in the organization : Which managerial skills often determine who reaches the highest management levels in the organization?
In order to effectively implement a policy change : In order to effectively implement a policy change, what would be a manger’s best course of action?
Compare virtual teams and traditional teams : Compare Virtual and Traditional Teams Write an essay on the seven types of virtual teams. Identify the various events or situations that each team type best performs. Compare virtual teams and traditional teams.
What is difference if you use three month moving average : A historical demand (observation) of paper sales in cases is: January, 45; February, 40; March, 35; April, 50; and May, 55. Using a two month moving average, what is the forecast for June? What is the difference if you use a three month moving averag..
Three-step writing process-revising your message : This week's individual work assignment describes the tasks in the third step (completing) of the “Three-Step Writing Process”, which are: Revising Your Message (evaluating, improving readability, editing for clarity and conciseness) Identify and desc..
Determine the eoq-total annual cost and reorder point : The Drebb Root Beer Company distributes their soft drink at a constant demand rate of 22,500 cases per year. A case cost the company $8.75 with an ordering cost of $18 per order. Determine the EOQ, the Total Annual Cost and the Reorder Point
Recommending best overbooking strategy : South Central Airlines operates a commuter flight between Atlanta and Charlotte. The plane holds 30 passengers, and the airline makes a $100 profit on each passenger on the flight. Explain how your simulation model could be used to evaluate other ove..
What are the factors that need to be considered in packaging : Please describe the ways in which classical and operant conditioning vary. Also explain the marketing implications of the classical and operant conditioning principle. What are the factors that need to be considered in packaging?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd