actual demand of a product in 2020 4300 units and the exponential smoothing method forecasts 4200 and 4170 units for 2020 and 2021, respectivelythen the smoothing constants (percentage) is
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- 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?Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. (Round final answer to a whole number.) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Last year 165 185 200 230 240 265 210 200 195 265 290 315 This year 175 200 165 260 260 200 Forecast for the third quarterUsing linear regression analysis, what would you estimate demand to be for each month next year? Month Forecast January February March April May June July August September October November December
- A manufacturer forecasted demand for year 2014 of 40,000 units of rera products where as the actual demand was 51,000 units now using a smoothing constant of aplha 0.4 the manufacture wants to forecast demand for 2015 using the exponential smoothing model ?Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415.00 439 481.6 502.24 542.9 568.12 The MAD for a forecast developed using exponential smoothing with a = 0.60 is decimal places). sales (round your response to twoApply the 3-years moving average method to forecast the required demand for the year 2021 from the following historical data. Years 2012 2013 2014 2015 2016 2017 2018 2019 2020 Demand 245 325 300 350 295 400 450 380 500
- Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is sales (round your response to two decimal places).Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415.00 439 481.6 502.24 542.9 568.12 The MAD for a forecast developed using exponential smoothing with a = 0.60 is 51.05 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a =…Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 415.00, the following sales forecast has been developed: Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (round your response to two decimal places). Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a starting forecast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415.00
- A store has the following demand figures for the last five years: Year Demand 1 1000 2 1500 3 1200 4 1600 5 1400 What is the exponential smoothing forecast for year 3? Use alpha = 0.2 and a forecast for year 1 of 1200. (round to nearest integer)An exponential smoothing is being used to forecast demand. Which of the following alpha value (or error weight) should be used if the demand is highly sensitive to the current events and external factors? a. 0.75 b. 0.05 c. -1.5 d. 0.0 e. 1.75Use exponential smoothing with trend adjustment to forecast demand for period 11. Let α = 0.5, β= 0.3, and let the initial trend value be 12 and the initial forecast be 200. Period Actual Demand 1 200 2 212 3 214 4 222 5 236 6 221 7 240 8 244 9 250 10 266
