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 global integration, IT is one of most globally integrated corporate...

IT is one of most globally integrated corporate function how is IT different from other business areas when it comes to global integration? why do you think this is the case?

Explain inefficiency factor, A JIT system uses kanban cards to authorize mo...

A JIT system uses kanban cards to authorize movement of incoming parts. In one portion of the system, a work center uses an average of 93 parts per hour while running. The manager

What are the advantages of predetermined time standards, What are the advan...

What are the advantages of predetermined time standards (PTS)?  Answer: Quicker and cheaper than time study; likely to be more reliable; valuable for estimating new jobs; can be

Describe katie''s liability, Katie is a 17-year-old (a minor) who graduated...

Katie is a 17-year-old (a minor) who graduated from high school two months ago. In August, she started attending a university 150 miles from home and has contracted to rent an apar

Disparate impact exists hiring records, If a plaintiff proves that a dispar...

If a plaintiff proves that a disparate impact exists, an organization may then defend its employment by showing validation or _______________. a. business necessity b. hiring recor

Explain kudler fine food''s marketing strategy and tactics, Resources: Univ...

Resources: University Library, Kudler Fine Foods Virtual Organization Use the Virtual Organization link on the student website to access additional company information on Kudler

Explain functionalities of pharmacy information systems, Pharmacy Systems" ...

Pharmacy Systems" Please respond to the following: •Analyze the various functionalities of pharmacy information systems that can aid in the reduction of medication errors and make

Mba program has a high emphasis on ethical decision, Why do you think the c...

Why do you think the capstone course for the MBA program has a heavy emphasis on ethical decision making?

Explain produced and sold to break-even, Assume a fixed cost for a process ...

Assume a fixed cost for a process of $15,000. The variable cost to produce each unit of product is $10 and the selling price for the finished product is $25. Which of the following

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