User Account

All Pages

What is the one-step ahead forecast made in june for july

Assignment Help Operation Management
Reference no: EM133243124

Shoreline Park in Mountain View, California, has kept close tabs on the number of patrons using the park since its opening in January 1993. For the first six months of 2018, the following figures were recorded

Month # of Patrons
Jan

133
Feb 183
Mar 285
Apr 640
May 1876
Jun 2550
Assume that the intercept and slope of the series at the end of June are:

S June: 1918

G June: 406

Use these numbers as the initial values of slope and intercept required in Double Exponential Smoothing (DES) method. Assume that Alpha = .15 and Beta = .10 for all calculations.

a) What is the one-step ahead forecast made in June for July? What is the multi-step ahead forecast made in June for August

Please show all work and formulas

Reference no: EM133243124

Questions Cloud

Discuss how and erp system could be used : For an organization of your choice, such as where you are presently working or you have previously worked, discuss how and ERP (Enterprise Resource Planning) sy
How should henry and catherine respond : Henry and Catherine, a Christian married couple, own a shop on the main street of a mid-sized town (similar to Broad Street in Rome). One of their employees, Fr
Assess toyco ability to encourage learning in its employees : To assess ToyCo's ability to encourage learning in its employees. You were asked to apply the experiential learning cycle, the 3 Pillars of learning, Learning O
Discuss three facets of building an organization capable : Discuss three facets of building an organization capable of proficient strategy execution. Explain what is involved in building an organization capability?
What is the one-step ahead forecast made in june for july : Shoreline Park in Mountain View, California, has kept close tabs on the number of patrons using the park since its opening in January 1993. For the first six mo
Fashionsia shift in competitive strategy : FashionSia is one of the fashion companies operating in Saudi Arabia. It has been a leader in the fashion industry for more than 30 years. FashionSia manufactur
How businesses-organizations could benefit from microservice : This is Software Analysis and Engineering please assist me with this. Explain how businesses and organizations could benefit from Microservices.
Create a visual and audio presentation : After completing the readings and activities for Lesson 1, create a visual and audio presentation addressing the following questions.
Developing world where labor costs are lower : Under what conditions is it ethically defensible to outsource production to the developing world where labor costs are lower when such actions also involve layi

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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