can I ask some help about our assignment where we are tasked to find a case study in a manufacturing industry that uses trend projection as a method for forecasting? this is for reference only we are searching for a case study for days and cant find a case study in a manufacturing industry that uses trend projection that's why we ask if you can help us in searching we only need an article or text books for reference

can I ask some help about our assignment where we are tasked to find a case study in a manufacturing industry that uses trend projection as a method for forecasting? this is for reference only we are searching for a case study for days and cant find a case study in a manufacturing industry that uses trend projection that's why we ask if you can help us in searching we only need an article or text books for reference

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....

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Similar questions

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?
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.
What forecasting techniques are used in the management of technology and innovation?
guide with reasons for the company to use appropriate forecasting models.
What exactly is a qualitative forecasting model, and when should it be used?
What does the term "adaptive forecasting" mean?
What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have?
Forecasting as you have read isn't an exact science. There can be many intangibles that you just can't predict. Therefore, which forecasting method do you believe is most successful and which one do you think is least effective? Please explain.
In your own words and it should be in paragraph form. Also, don't forget to conclude. Identify one method that is used in forecasting and explain how it is applied.
What is the appropriate type of forecasting method to use in each of the followingscenarios:a. Holiday Inn, Inc., is attempting to predict the demand next year for motel rooms,based on a history of demand observations.b. Standard Brands has developed a new type of outdoor paint.The company wishesto forecast sales based on new housing starts.c. IBM is trying to ascertain the cost of a stock-out of a critical tape drive component. They do so by sample survey of managers at various national spare partscenters. The surveys are sent back to the managers for a reassessment, and theprocess is repeated until a consensus is reached.
Explain what assumptions do qualitative forecasting systems make ?
Case Study 1: Forecasting Your line manager, Ms Lionheart, has collected and scrutinised performance data for the company. She was concerned that the inventories were high for certain products which had resulted in significant price reductions and losses for the company. At the same time, the company had run out of stock for other items early in the season resulting in unsatisfied customers and lost sales. Ms Lionheart has concluded that the problem was not with the specific products carried in the stock, but with the quantities ordered by the procurement department for two popular products; Dog Ball Launcher and Lightweight Dog Lead. Dog Ball Launcher is a product carried by the company for the past four years. Quarterly demand data for the past four years are shown in table 1. Last year the company seemed to always be out of stock for this item. The model used by the procurement department to forecast demand for this product over the last two years has been Multiplicative Seasonal…