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 management principles applicable to organizing, The American Red Cr...

The American Red Cross has been asked to oversee the clean-up efforts in Japan after the earthquake and tsunami that occurred in March 2011. Analyze the management principles appli

What is long-term profitability goals, Discuss the strategic importance of ...

Discuss the strategic importance of layout decisions. How important as these decisions in terms of a company's long-term profitability goals? What are some examples?

What separates characteristics from management techniques, Provide two exam...

Provide two examples of current leaders and describe how they demonstrate their leadership characteristics. What separates these characteristics from management techniques? How eff

Explain what are the separate problems, One day a teller of a bank was robb...

One day a teller of a bank was robbed. When the robber ran the teller ran after him. Well over taking the robber, the teller was shot in the leg. The teller was given an award for

Explain what is the annual holding cost, Your company manufactures turbine ...

Your company manufactures turbine blades for engines in production batches for each type. For one type of blade, the A39T, you have an annual demand of 10,000 units. It costs you $

Examine any new products in this marketplace, Assess how technology and the...

Assess how technology and the changing demands of customers have impacted the movie rental business. Suggest a strategy for Netflix's to prevent a new entrant into the marketplace

Explain advantages and disadvantages of membership, Define the use of regio...

Define the use of regional trade organizations in international business. Identify the Regional Trade Organization of which the United States is a member. What are some of the adva

What the cafeteria should use, A cafeteria wants to introduce a new burger,...

A cafeteria wants to introduce a new burger, with bread and beef together weighing at least 1 ounce. The cafeteria manage also wants the new burger to meet a new nutrition standard

Benefits of access of patient''s information through lan, This project allo...

This project allows doctor to access their patient's information easily through their local area network and through the internet. They can also update the status of each patient t

Process based layout, Process Based Layout In this layout machines and...

Process Based Layout In this layout machines and services are grouped on a functional basis operation of the same type are performed in the same area. For example all welding

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