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

Compute the probability that 5 stolen cars will be recover, According to po...

According to police sources a car with a certain protection system will be recovered 85% of the time. Find the probability that 5 of 7 stolen cars will be recovered.

Find forecasted sales for week first, In the table given below the Distribu...

In the table given below the Distribution Manager is expected to service these DCs as per the demands placed. If the actual sales after completing week one is as follows, what woul

Explain international monetary fund, After reading your assigned readings o...

After reading your assigned readings on international monetary policy in this unit, visit the global beverage company of your choice. Note the number of different countries that th

Explain way that pandora could benefit from grid computing, Develop a way t...

Develop a way that Pandora could benefit from grid computing

What is ethical leadership, Give an example of ethical leadership. What are...

Give an example of ethical leadership. What are the characteristics of ethical leadership? And why do you think ethical leadership is important.

Imagine which you just made manufacturing changes, Imagine that you just ma...

Imagine that you just made manufacturing changes to your product so it is now easily recyclable. How would you publicize these changes?

How minimize the work-in-process inventory, The production manager must det...

The production manager must determine the processing sequence for 7 jobs through the grinding and debarring departments. The same sequence will be followed in both departments. The

Define how you would decide the number of seats, During busy periods, a new...

During busy periods, a new customer walks into LHS every 15 mins. (with a standard deviation of 15 mins). At SHC, a customer walks in every hour (with a standard deviation of 1 hou

Explain mental and physical skills, When selecting members for a team, cert...

When selecting members for a team, certain skills are very important. These skills are best described as: a. Technical skills and interpersonal skills b. Analytical and intuitive s

When manager focus the progress of an affirmative action, when manager moni...

when manager monitors the progress of an affirmative action program to advance minorities within the corporation; reviewing progress on changing in staff attitude; calls a special

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