Seatwork Compute for MAD, MSE and MAPE using Moving Average Model (past 3 Weeks), В. А. Exponential Smoothing Model (a = 0.2) What is your sales forecast for Period 8 using A and B? С. Period Actual Sales Forecast Error |Error| Error |Error %| 39 2 44 3 40 4 45 38 6 43 7 39 MAD MSE МАРЕ
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- Under what conditions might a firm use multiple forecasting methods?V. Let's Explore / Let's Create 1. Discuss the other types of forecasting methods that financial analysts use to predict future revenues. 2. Are there any several other factors that may need to be considered that affects the sales forecast? RUBRIC Criteria Poor (3 Points) Fair (7 Points) Fair Good (10 Points) Good Deerq1(a)Imagine that you need to introduce a new gadget such as the Apple Watch. Determine which forecasting method is appropriate for projecting the future demand of such this gadget. b)ARIMA is mostly used to forecast future values using historical time series data, as we all know. Its primary use is in short-term forecasting with at least 38-40 historical data points and a small number of outliers. If we don't have at least 38 data points, we should consider using another strategy.
- The Fitter Snacker company sold 6,435 cases of snack bars in June of the previous year. They are expecting sales to increase by 3% this year. In addition, they are launching a promotional campaign in May, which they expect will increase sales in June by an additional 500 cases. April May Sales forecasting Previous year (cases) Promotion sales (cases) Previous year base (cases) Growth: Base projection (cases) Promotion (cases) Sales forecast (cases) June 6735 300 6435 193 6628 500 7128 Jan. Feb. March 5734 5823 5884 6134 6587 300 5734 5823 5884 6134 184 6287 189 3.0% 172 5906 175 177 6061 5998 6318 6476 5906 5998 6061 6318 6476 Calculate the sales forecast for June of this year that Fitter Snacker should use? Show all your calculation steps.Question No. 1List the specific weaknesses of each of these approaches to developing a forecast:a. Consumer surveys.b. Salesforce composite.c. Committee of managers or executives. Question No. 2What kinds of capacity problems do many elementary and secondary schools periodically experience? What are some alternatives to deal with those problems? Question No. 3The XYZ company produces all type of office furniture. The “Executive Secretary” is a chair that has been designed using ergonomics to provide comfort during long office hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks; TaskTime (min)Immediate predecessor A4- B7- C6A, B D5C E6D F7E G8E I6F, G Draw a precedence diagram of this operationWhat is the cycle time for this operation?What is the theoretical minimum number of workstations?Assign tasks to the workstationsWhat is the idle time per cycle?What is the efficiency of the…Q1) Forecasting is both art and science. Describe the situations where we use Qualitative forecasting techniques and quantitative forecasting techniques
- Please do not give solution in image formate thanku. Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can schedule service personnel. Use the actual demand in the first period for the forecast for the first week so error measurement begins in the second week. The manager uses exponential smoothing with α = 0.5 Forecast the number of calls for week 6, which is next week. WEEK ACTUAL SERVICE CALLS 1 28 2 32 3 40 4 27 5 30List the types of forecasts?NING SYSTEM (ACADEMIC) Series forecasting for Business || The F-test used in testing the significance of a regression model is O a. Upper tailed test O b. Two tailed test O c. Lower tailed test O d. None OUS PAGE
- Question 3 An organization uses a business intelligence system to predict products that tend to be purchased together. This is an example of. O A) Regression Analysis B) Cluster Analysis C) REM Analysis D) Market Basket Analysis9-The approach that uses the organization's current level of employment as the starting point for determining future staffing needs is called the use of predictor variables. Delphi technique. bottom-up approach. zero- base forecasting.It wouldnt let me take a screenshot of the table so I had to copy and paste it in here. My question is: How do you Calculate a moving average forecast using the last 2 and 4 dates of stay. What is the prediction for 7/1/2021 for each technique? Discussion Question 1 - 200 room hotel Forecasts MA 2 Errors MA 4 Errors ES (0.8) Errors ES (0.5) Errors Date Day of Week Rooms Sold MA 2 MA 4 ES (0.8) ES (0.5) AE APE AE APE AE APE AE APE 6/1/2021 Tuesday 123 6/2/2021 Wednesday 109 6/3/2021 Thursday 140 6/4/2021 Friday 199 6/5/2021 Saturday 179 6/6/2021 Sunday 140 6/7/2021 Monday 117 6/8/2021 Tuesday 132 6/9/2021 Wednesday 108 6/10/2021 Thursday 151…