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

Case study answer , After working for 30 years, Ramjee Somjee Dutt opted fo...

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 all types of worker's participation, Explain all types of worker's ...

Explain all types of worker's participation. Types of Worker's Participation - Worker's participation in management may take several forms, for example:   (a) Formal partici

Explain objectives of job evaluation, Explain objectives of job evaluatio. ...

Explain objectives of job evaluatio. Objectives of job evaluation: a) Decides the relative values of various jobs in an organization.  b) Helps to formulate a suitable a

Explain developed mrp planning schedule, Product A is and end item and is m...

Product A is and end item and is made from 2 units of B and four of C. B is made of 3 units of D and two of E. C is made of two units of F and two of E. A has a lead time of 1 week

Describe the challenges and opportunities, Discuss the challenges and oppor...

Discuss the challenges and opportunities facing new types of payers and IDSs due to the ACA.

Explain relationships between perceptions and attitudes, What are the relat...

What are the relationships between perceptions, attitudes, behaviours, and job performance

Current trends in operation management, What is the relationship between ma...

What is the relationship between mass customisation and rapid product development

Describe how a company might benefit, Explain how a company might benefit f...

Explain how a company might benefit from the Contract Management Maturity Model. Can you suggest any viable reasons for a company's choosing not to conduct this assessment? If so,

Explain a production manager at a contour manufacturing, A production manag...

A production manager at a Contour Manufacturing plant has inspected the number of defective plastic molds in five random samples of 30 observations each. Following are the number o

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