Maria sells banana que every afternoon. She sells her product everyday except during Sundays. The number of pieces sold last week were 57, 43, 37, 40, 55, and 47, respectively. Although actual sales are given, compute for the forecasted quantity using the following forecasting techniques: 1. Naïve; 2. 2-day moving average; and
Q: A bed mart company is in the business of manufacturing beds and pillows. The company has 40 hours fo...
A: Given data is Available assembly hours = 40 Available finishing hours = 32 Assembly hours required f...
Q: Merrifield Post Office is evaluating the productivity of its mail processing centers. The centers di...
A: Multifactor Productivity : Multifactor Productivity is also known as total factor productivity , is ...
Q: How did Netflix revolutionize employee engagement and success in term of the reconciliation and the ...
A: Netflix culture helps make the media streaming endeavor serious in terms of innovativeness. Through ...
Q: sing data in columns A-C create a forecast using the Simple Moving Average method based on 10 weeks ...
A: Forecasting means predicting in advance the values of future sales/demand by using different methods...
Q: Tom's, Inc., produces various Mexican food products and sells them to Western Foods, a chain of groc...
A: Range for constraint is that range for which the optimal solution stays same and does not change unl...
Q: Mention and describe what each of the 4 types of approaches to demand analysis discussed in class co...
A: Analysis of demand means acknowledging the demand of consumers in a given market for a product or se...
Q: How important is customer/user story in product design?
A: A customer story means a quotes made by the customers who are happy with the firms product as he is ...
Q: If you go to Korea, you'll see that eating kimchi is part of their national a. identity b. menu c. m...
A: Note - Hi! Thank you for the question As per the honour code, We’ll answer the first question since ...
Q: 4 What causes merger waves? When was the last merger wave, and how would it be characterized?.
A: Meaning of Merger:- Merger is that the combo of two companies into one by either closing the old ent...
Q: 24. Each of the processes listed is non-centered with respect to the specifications for that process...
A: Given-
Q: An entrepreneur had been blessed exceedingly with his clothing line business. With that, he planned ...
A: We need to determine the number of employees to be hired and the salary the entrepreneur has to rele...
Q: A superfood manufac Utilizes labor machine hours , raw materials and purchased materials . Assume fo...
A: Productivity is a proportion of the output volume and the volume of inputs. It computes how efficien...
Q: The UCL; equalsO minutes and the LCL, equals minutes. (
A: X chart is model of control chart which helps to identify the process controllability based on the m...
Q: Consider the following transportation tableau with three origins and three destinations. To From Win...
A: The Vogel's Approximation Method or VAM is an iterative method calculated to find out the initial fe...
Q: What is TPS?
A: A transaction processing system often called TPS gives an implementation environment that makes sure...
Q: If you were to design the perfect leadership development experience for yourself, how would you do s...
A: Leadership expertise can play a major role in the career development of the individual. Technical ex...
Q: 3. The marketing group for a cell phone manufacturer plans to conduct a telephone survey to determin...
A: Let, D = Number of daytime calls to be made E = Number of evening calls to be made The cost to make ...
Q: what will the change on the break-even volume
A: Breakeven point(BEP) is the unit volume or amount values which representing the revenue equals to th...
Q: flow rate for unit B
A: Flow rate indicating the maximum number of units can produced in a process layout. Here, we can iden...
Q: utey Barber Salon is a trendy barber salon that is located in a densely populated city called Maple....
A: Operations management is described as the process of business that is associated with the maximizati...
Q: In a company a production activity has been setup, and the management want to know the expected acti...
A: Expected time = (a+4m+b)/6 Variance = ((b-a)/6)2 Given, a = 2 b = 7 m = 3
Q: What is the term for the entranceway in an atrium-style house? O Atrium O Taberna O Peristyle O Cubi...
A: In the context of the architecture, the atrium-style architecture comprises open-air space or open t...
Q: 3. There are three levels of depth when studying project evaluation: The profile or identification o...
A: In project evaluation, the defined project that is defined in the initial stage of project managemen...
Q: Find economic replenishment quantity.
A: Economic order quantity indicating a unit level of ordering quantity which reduces the total cost of...
Q: A massive network of seawalls is possibly going to be constructed right in the middle of Miami Beach...
A: The correct answer is A.
Q: mplified the task of accounting for products before the time of production usage?
A: Inventories are a common feature in manufacturing processes. Materials management is a critical serv...
Q: (790, 900) for X, Y and Z warehouses, respectively. For each warehouse, number of A product sold per...
A:
Q: The time from when a patient is discharged from North Shore Hospital to the time the discharged pati...
A: Given-
Q: How many units of cabinet should the company produce to maximize the profit
A: Identifying the production combination which maximize the profit indicating the problem development ...
Q: What are the main objectives of Preventive Maintenance? Describe the basicapproach of the Preventive...
A: Preventive maintenance often called PM can be stated as the regular and routing alimentation or upke...
Q: Drew Rosen Automation Company estimates the data entry and verifying times for four jobs as follows:...
A: The LPT schedule is as follows:
Q: What would be the total cost of Software D over time? $?] Not Satisfied $5,000 Software C 20% • $20,...
A: The question is related to Decision Tree. In the given case thee are two software C and D having cos...
Q: 3.4-17. Joyce and Marvin run a day care for preschoolers. They are trying to decide what to feed the...
A: Joyce and Marvin need to select different food items that would minimize the total cost while meetin...
Q: A manager has to decide whether to prepare a bid or not. It costs P3,000 to prepare the bid. If the ...
A: At the end of the success branch, P50000 is the return, but since there is a cost of P3000 for bid p...
Q: If the profit generated per cabinet is P80 and per dresser is P100, write the objecti that best desc...
A: Linear programming is a process to reach the best outcome such as maximum profit or lowest cost in a...
Q: Our distributors are selling our products by Sales Representatives via face to face communication an...
A: Despite persistent cross-country differences, the COVID-19 crisis has enhanced dynamism in the e-com...
Q: An updated schedule that shows the present status of the project is called the _____ schedule. Que...
A: Scheduling in the project management is based on the listing of actions, deliverables, & milesto...
Q: at way might a PERT chart be a better option than a Gantt chart?
A: Both Gantt charts and PERT diagrams are popular project management visualisation tools. If both of t...
Q: The manufacturing company Omega discontinued production of a certain unprofitable product line. This...
A: Consider that the quantity of units of item 1 is indicated by, the number of units of item 2 is sign...
Q: If the annual demand of gear is 24000 units, replenishment cost is Rs 20 and the cost of holding a u...
A:
Q: Identify the concerns of suppliers when moving to supplier partnerships
A: The suppliers have a variety of concerns when they shift to the supplier partnerships.
Q: hen it operates overseas.
A: AKINO SUSHIRO CO., LTD. is primarily a sushi restaurant chain operator established in Japan. On a be...
Q: Merrifield Post Office is evaluating the productivity of its mail processing centers. The centers di...
A: given,
Q: 1. What are the elements that you will consider while conducting STEEP analysis for a pharmaceutical...
A: One of the key industries, as well as one of the largest, is pharmaceuticals. It has existed for mil...
Q: Explain the operations function and the nature of the operations manager's job
A: To determine: The operations function and the nature of the operations manger's job. Operations: Whe...
Q: A supermarket is looking to implement a decision support system, however management remains unconvi...
A: As per Bartleby's guidelines, we only answer the first question in case multiple unrelated questions...
Q: A toy manufacturing company planned a new refinery activity in the production line which has an vari...
A: Variance = ((p - o)/6)2 Given, Variance = 3 o = 7
Q: A gold processor has two (2) sources of gold ore, Source A and source B. To keep his plant running, ...
A: Given data is Tons of ore required to be processed daily = 3 Cost of ore from source A = $20/ton Cos...
Q: Software upgrade times (in minutes) are being evaluated. Samples of five observations each have been...
A:
Q: Task 2: A manager has received an analysis of several cities being considered for a new office compl...
A: FACTOR A B C WEIGHT community services 60 60 80 50 business services 60 60 40 100 constructio...
Step by step
Solved in 2 steps with 2 images
- Under what conditions might a firm use multiple forecasting methods?The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars) through credit unions. a. Use these data to forecast consumer revolving credit through credit unions for the next 12 months. Do it in two ways. First, fit an exponential trend to the series. Second, use Holts method with optimized smoothing constants. b. Which of these two methods appears to provide the best forecasts? Answer by comparing their MAPE values.The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six months of observations for validation purposes, use the method of moving averages with a carefully chosen span to forecast U.S. retail sales in the next year. Comment on the performance of your model. What makes this time series more challenging to forecast?
- The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?Pumpkin Pies Galore is trying to forecast sales of pies forthe month of December. Demand for pies in September, October,and November has been 230, 304, and 415, respectively. Edith, thecompany’s owner, uses a three-period weighted moving averageto forecast sales. Based on her experience, she chooses to weightSeptember as 0.1, October as 0.3, and November as 0.6.(a) What would Edith’s forecast for December be?(b) What would her forecast be using the naïve method?(c) If actual sales for December turned out to be 420 pies,which method was better (use MAD)?12-1. The Hartley-Davis motorcycle dealer in the Minneapolis- St. Paul area wants to be able to forecast accurately the de- mand for the Roadhog Super motorcycle during the next month. From sales records, the dealer has accumulated the data in the following table for the past year. Month January February March April Мay June Motorcycle Sales 7 10 8 7 12 July August September 10 11 12 October 10 November December 14 16 a Compute a three-month moving average forecast of demand for April through January (of the next year). b. Compore a five-month moving average forecast for June drough January. c. Compare the two forecasts computed in parts (a) and (b) using MAD. Which one should the dealer use for January of dhe next year?
- A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives areSR1 = .90, SR2 = .95, SR3 = 1.05, and SR4 = 1.10. The trend equation is: Ft= 10 + 5t. Over thepast nine quarters, demand has been as follows:Period, t 1 2 3 4 5 6 7 8 9Demand 14 20 24 31 31 37 43 48 52Is the forecast performing adequately? Explain.4. A local moving company has collected data on the number of moves they have been asked to perform over the past two years. Moving is highly seasonal, so the owner/operator, who is both burly and highly educated, decides to apply the multiplicative seasonal method to forecast the number of customers for the coming year. The equation for the trend line of yearly sales is F1 = 100 + 60t. Please forecast demand for each quarter in Year 3. (Round the forecasts to whole numbers and show all calculations t Complete the table below and forecast the sales of Year 3 by quarter. Copy the table below, paste to the answer box and fill in your answers. You need to take a picture of your work and upload the picture in next question. Year 1 Year 2 Year 3 Quarter Demand Quarter Demand Quarter Demand 1 28 1 45 1 43 60 2 120 140 4 49 55 4 Total 240 Total 300 Total Average Average Average For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).1. Which of the following is indicative of the season of heaviest demand when seasonality is measured on a quarterly basis? a. Seasonal index = .75 b. Seasonal index = 1.0 c. Seasonal index = 1.25 d. Seasonal index = 3.1 Answer: 2. The forecast calculated at the end of period t for period t+k is always the same for any value of k if the time series has systematic variability. A) True B) False
- 1. Forecasting stationary series The company Handy Inc. produces a solar-powered electronic calculator that has experienced the following monthly sales history for the first four months of the year (in thousands of units): January February. March. April sales 23.3. 72.3. 30,3. 15.5 a) Find the forecast for May using the Moving Averages method with N = 3. b) Assume that the forecast for January was 25. Determine the one-step ahead forecast for February through May, using exponential smoothing with a smoothing constant of α = 0.15. c) Repeatthecalculationinproblembforavalueofα=0.40. d) Compare the MAD (Mean Absolute Deviation) and MSE (Mean Squared Error) for the forecast for February to April in problems b and c. Comment the accuracy of the forecasts. e) The demand in May turned out to be 30. Which of the three forecasting method were most accurate for this prediction? 2. Regression analysis 3 000 000 2 500 000 2 000…The demand (in number of units) for Apple iPad over the past 6 months at BestBuy is summarized below. Month Nov 2019 Dec 2019 Demand 45 48 Jan 2020 50 Feb 2020 Mar 2020 Apr 2020 42 46 51 Consider the following three forecasting methods: • Two-month weighted moving average, with weights 6 and 2 (more weight assigned to more recent data) Exponential smoothing with a = 0.7. Let the initial forecast for Nov 2019 be 46. • A trend line projection in the form ŷ = a+bx . To simplify computations, transform the value of x (time) to simpler numbers – designate Nov 2019 as x=1, Dec 2019 as x= 2, etc. (a ) For each of the above methods, forecast the demand of Apple iPad for May 2020. (b) Consider only the two-month weighted moving average method, compute the MAD measure and the MSE measure using the data from Jan 2020. (c) Use the trend line to forecast the demand of Apple iPad for Dec 2020. Give your opinion regarding the reliability of the forecast.Forecast sales for the 7th period. For leveling, use exponential smoothing 0.20 and moving average 3 for averaging; and linear and exponential functions for trend data. Assume an initial exponential forecast of 60 units in period 2 if you decide to use it (i.e., no forecast for period 1). Period Demand 1 67 2 72 3 68 4 20 5 70 6 66 7 68