Explain smoothing constan, Operation Management

Assignment Help:

Systembolaget uses forecasting to predict the number of bottles they think they will sell the next day. Below are the number of bottles sold each day during the five-day work week for the past three weeks: 140, 172, 144, 112, 162, 135, 158, 174, 146, 172, 163, 141, 162, 138, 159. Use a five day moving average to forecast the number of bottles that Systembolaget expect to sell during the upcoming week! What is the forecast for the next time period if Systembolaget uses exponential smoothing with a smoothing constant of .2?


Related Discussions:- Explain smoothing constan

Explain is cloud computing the right direction, 1.) Why has Amazon.com succ...

1.) Why has Amazon.com succeeded online when so many other companies have failed? 2) Whats next for Amazon.com? Is cloud computing the right direction for the company? 3.) W

Find gross domestic product is accounted for by logistics, What percent of ...

What percent of North American gross domestic product is accounted for by logistics? Almost 11 percent Almost 22 percent Almost 33 percent Almost 44 percent Flingers

On what interest rate financial institutions offer loans, After working for...

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

Explain improving productivity, Explain Improving Productivity. Improv...

Explain Improving Productivity. Improving Productivity: The production essence is creation of goods, may be by the transformation of raw materials or through assembling vario

Explain marketing to stakeholders and stockholders, What is the value of ma...

What is the value of marketing to the consumer, the stakeholder and stockholder and a. the value of your place on marketing b. the value of marketing to customers and consumers c.

Operation management case study assignment, Problem- 1) Many Institution...

Problem- 1) Many Institutional Models: There are a variety of organizational forms that are assumed by the Manipal hospitals for carrying on their work. The Manipal hospitals ca

Which new market was opened when apple introduced itunes, 1. When App...

1. When Apple introduced iTunes, a new market was opened. Which of the following describes this type of innovation? a. Value capture b. Presence c. O

Requirements from an operations perspective of competing, Question 1: A...

Question 1: A hotel has decided to focus more strongly on customer service and has just conducted a customer survey. Unfortunately, the results show that many customers are dis

Difference among using an exact optimization technique, What is the differe...

What is the difference between using an exact optimization technique and a heuristic to solve a problem?

Explain quality management program, Use your critical thinking skills and d...

Use your critical thinking skills and discuss what you can deduce from this data. Please think about both behaviours and processes and linkage to the quality management program.

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