Compute demand for a product, Operation Management

Assignment Help:

Historical demand for a product is:January DEMAND 12 / February DEMAND 11/March DEMAND15/ April DEMAND 12/ May DEMAND 16 /June DEMAND 15

a. Using a weighted moving average with weights of 0.60, 0.30 and 0.10, find the July forecast.

b. Using a simple three-month moving average, find the July forecast.

c. Using a single exponential smoothing with a= 0.2 and a June forecast = 13, find the July forecast. Make whatever assumption you wish.

d. Using simple linear regression analysis, calculate the regression equation for the preceding demand data

e. Using the regression equation in d, calculate the forecast for July


Related Discussions:- Compute demand for a product

Explain which factors contribute to our personal traits, Discuss personal t...

Discuss personal traits: which factors contribute to our personal traits? Take any of MBTI or Big Five Model trait and discuss how it may appear. Is there any probability that this

Explain implementation of tqm, Why is a system view so important to have if...

Why is a system view so important to have if you are going to implement TQM?

Explain decision alternatices and various levels of demand, The following p...

The following payoff table provides profits based on various possible decision alternatices and various levels of demand at Amber Gardner's software firm

Improve efficiency in service organisations, Lean" thinking was first devel...

Lean" thinking was first developed with manufacturing organisations in mind. Explain FIVE examples of ways in which these waste elimination principles may be applied to improve eff

Case Study, #quBloomsday Outfitters produces T-shirts for road races. They ...

#quBloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours

Describe implementation and communication of strategic plan, Why is it impo...

Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?

Describe the graphical or the simplex lp method, Solve the following proble...

Solve the following problem using either the graphical or the simplex LP method. Max: 2X1 + 6X2 s.t. 2X1 + 2X2 ? 10 1X1 + 4X2 ? 8 X1, X2 > 0

Estimate the mean and standard deviation, 1. How do variables and attribute...

1. How do variables and attributes differ?  2. Estimate the mean and standard deviation of the following measurements.

Define management practices increasing government regulation, How do you th...

How do you think management practices might change in response to increasing government regulation in the banking and health care industries?

One philosopher''s approach to business ethics, Summary of chapter 2, readi...

Summary of chapter 2, reading 2.1. "ONE PHILOSOPHER'S APPROACH TO BUSINESS ETHICS" in a book MORAL ISSUES IN BUSINESS 12TH EDITION by William h. Shaw and Vincent Barry.

Write Your Message!

Captcha
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