What is the linear trend forecast for September? Month Month Sales Feb 1 19 Mar 2 18 Apr 3 15 May 4 20 Jun 5 18 Jul 6 22 Aug 7 20
Q: a production company that sells two types of gasoline, G1 and G2, from two types of crude oil, C1…
A: Two types of gasoline are prepared from two types of crude oils. Hence, the decision variables must…
Q: Construct a decision tree of the above situation clearly identifying the decision and chance nodes.…
A: A decision tree is a visual representation of the possible outcomes of a decision, with the…
Q: I am not sure why i got it marked incorrect
A: Given data is Battery pack Production quantity PT-100 202,000 PT-200 101,000 PT-300 149,000…
Q: PROFOUND THE FOLLOWING 1. AMERICAN SERVICE 2. FRENCH SERVICE 3. RUSSIAN SERVICE 4. BUFFET 5.…
A: 1 American service- American service is a simple and informal form of service. It is also known as a…
Q: (ii) linear programming formulation Let x₁ = number of units i shipped to client j, using the…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: ose loves to eat out in area restaurants. His favorite foods are Mexican, Italian, Chinese, and…
A: Given: Cost of Mexican meal (M) = 400 Cost of Italian meal (I) = 600 Cost of Chinese meal (C)= 360…
Q: 1. Inventory Problem Figure 6 shows the inventory levels of dried Rainier cherries at a natural food…
A: From the graph given following data can be obtained. Inventory range = 180 pounds Order-reorder…
Q: A Pareto diagram A. shows the prevalence of the various types of defects that have been found. B.…
A: A pareto diagram is a bar diagram which helps to identify the frequency and distribution…
Q: Which of the following statements is NOT true? O A feasible solution satisfies all constraints. An…
A: Feasible solution in linear programming problem indicating the region which satisfy all constrain…
Q: Amazon delivering books from their warehouses would be an example of what kind of transformation…
A: Amazon delivering books from their warehouses would be an example of what kind of transformation…
Q: Inventory can be: A) final products B) work-in-process C) raw materials D) A or B above E) A, B or…
A: NOTE: We are allowed to do one question only. Inventory is an important part of a company's…
Q: The Figure above shows the graphical solution for a linear programming with objective function Min.…
A: The graphical method is used to solve linear programming problems visually. Using the graphs, the…
Q: 1.What are the decision variables 2.What is the objective functions 3. What are the 11 constraints…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: 3. How does assault differ from battery? A. Battery is an injury to person, assault is an injury to…
A: How does assault differ from battery? A. Battery is an injury to person, assault is an injury to…
Q: When a company in the U.S. contracts some of their jobs to other firms. These firms may be in the…
A: Manufacturing Offshoring is the act of locating parts of a company's operations or services abroad…
Q: The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest…
A: Exponential smoothing is a forecasting model which considering the the actual demand and forecasting…
Q: Consider the following project activities: Activity Name Immediate Predecessor (list number/ name,…
A: Given data is
Q: The Brew House needs to decide which of two coffee maker designs is better environmentally. Using…
A: Revenue is limited to earnings from core company operations. Because it is the large figure at the…
Q: Benny the Barber (see Question 1) is considering the addition of a second chair. Customers would be…
A: Arrival rate is the rate at which the customer arrive at a shop, restaurant or in an organisation to…
Q: The Barberton Municipal division of Road Maintenance is charged with road repair in the city of…
A: The operations level workforce plan is an important component of the overall business strategy. It…
Q: An appliance store sells three brands of TV sets, brands A, B, and C. The profit per set is $20 for…
A: Brands A, B, and C TV sets are available for purchase at an appliance retailer. For brand A, 50 for…
Q: Consider this MPS creation problem: Week Forecasted Demand Master Production Schedule (MPS)…
A: The goods a company will create when they are produced and in how many volumes are specified in a…
Q: 3. Southeastern Bell stocks a certain switch connector at its central warehouse for supplying…
A: Given data is Annual demand (D) = 15000 units Holding cost (H) = $24 Ordering cost (S) = $75 Working…
Q: 6. Schmidt Industries makes four different snake traps; the Harlan, the Gaylen, the Leah and the…
A: Find the profit for each trap as shown below: Profit = Selling price - (total cost) Total cost =…
Q: The following table gives the map coordinates and the shipping loads for a set of cities that we…
A: When establishing a single facility, the center of gravity approach takes into account the locations…
Q: A renovation of the gift shop at Orlando Amway Center has six activities hours). In the following…
A: The optimistic time (a), most likely time (m), and pessimistic time (b) are given for each activity…
Q: (a) What is total profit now? (b) What will be the profit with the new machine? (c) Should the…
A: Here, Given data, Before adding a new piece of equipment, Variable cost=0.75 per unit, Selling…
Q: According to case study above, which strategy is being used by Ikea? Conduct your own research and…
A: IKEA is retailer companies, which deal with the designing and selling of the ready to assembly…
Q: Pollution Control Because of new federal regulations on pollution, a chemical plant introduced a new…
A: The formulation of a linear program starts with the formulation of a mathematical model that has…
Q: efer to the information above. What is the optimal number of orders per year? a. 200
A: The economic order quantity is the number of units of a product that a buyer needs to order at one…
Q: Consider the following Harley’s current network design with direct shipment. Harley Davidson…
A: Mr. H purchases products from three suppliers. He uses a full truckload strategy. In full truckload,…
Q: A) Draw the network diagram. B) Determine the normal time it will take to complete this project. C)…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: The NextGen distribution is working on improving inventory management by performing an ABC Analysis.…
A: Find the Given details below: Given details: Item Hits Criticality 1 A B 2 C B 3 B C 4…
Q: The total completion time is 25 days. Task A is planned to take seven days. Task B is planned to…
A: Slack time is the time that is free from work. This can be used to take care of personal needs, such…
Q: What type of firm generally has the highest proportion of inventory to total assets? a) Retailers.…
A: Inventories and assets are two model tangible items in a business keeping for satisfying two…
Q: What are the total quality management principles of Nissan
A: Nissan is famously associated with 'Kaizen' or continuous quality improvement. Nissan states: 'We…
Q: c) Choose the correct Pareto chart for the type of defects that have occurred. O A. 50- 40- 30- 20…
A: Here, from the above table, we could see that there are various reasons for defective shipment,…
Q: (c) What are the critical activities? (Enter your answers as a comma-separated list.) A,B,C,F What…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Construct a decision tree of the above situation clearly identifying the decision and chance nodes.l…
A: Decision trees are commonly used to predict the expected payoff for a decision. The expected payoff…
Q: The Figure above shows the graphical solution for a linear programming From this graph the second…
A: A graphical solution for a linear programming problem will helps to identify the optimal value in a…
Q: Project crashing is when you shorten the duration of a project by reducing the time of one or more…
A: Project crashing steps are -: 1. Critical path - the first thing to do is to analyze the critical…
Q: Given the following AOA network diagram and activity duration information, determine the Earliest…
A: The CRITICAL PATH consists of three parts: - The first part is the "strategic fit" which has to do…
Q: Company X is the leading producer of state-of-the-art printers. They have been developing a layout…
A: Organizations are daily getting indulged in their complex operations that bring about a big change…
Q: A restaurant considers changing the number of waiters during dinner hours. There are currently…
A: Given: Arrival rate (lambda) = 12.28 mins = 60/12.28 = 4.88 customers/hr Service rate (mu) = 70 mins…
Q: What type of inventory are groceries?
A: Grocery stores are a place where people can find food and other products. They are places where…
Q: Calculate the mean absolute percentage error (MAPE) for the cost equation you developed above.
A: MAPE stands for mean absolute percentage error. MAPE = (|(actual-forecast)/actual|*100)
Q: What is the probability that no customers are in the system (Po)? b. What is the average number of…
A: Note: We are allowed to solve first question only with all its sub-parts. Given: Arrival rate…
Q: East Coast Trucking provides service from Boston to Miami using regional offices located in Boston,…
A: Find the Given details below: The Given details are reframed below: Given details: Boston New…
Q: non-value-added activities are the events that trigger activities and linkages among activities.…
A: Non-Value added activities are the events that does not add value to the product. Non value added…
Q: The "bullwhip effect" is a term that refers to the buildup of inventory in a supply chain resulting…
A: A distribution chain connecting the merchant to the producer is a part of every supply chain. As…
What is the linear trend
|
Month |
Month |
Sales |
|
Feb |
1 |
19 |
|
Mar |
2 |
18 |
|
Apr |
3 |
15 |
|
May |
4 |
20 |
|
Jun |
5 |
18 |
|
Jul |
6 |
22 |
|
Aug |
7 |
20 |
Step by step
Solved in 4 steps with 4 images
- 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 owner of a restaurant in Bloomington, Indiana, has recorded sales data for the past 19 years. He has also recorded data on potentially relevant variables. The data are listed in the file P13_17.xlsx. a. Estimate a simple regression equation involving annual sales (the dependent variable) and the size of the population residing within 10 miles of the restaurant (the explanatory variable). Interpret R-square for this regression. b. Add another explanatory variableannual advertising expendituresto the regression equation in part a. Estimate and interpret this expanded equation. How does the R-square value for this multiple regression equation compare to that of the simple regression equation estimated in part a? Explain any difference between the two R-square values. How can you use the adjusted R-squares for a comparison of the two equations? c. Add one more explanatory variable to the multiple regression equation estimated in part b. In particular, estimate and interpret the coefficients of a multiple regression equation that includes the previous years advertising expenditure. How does the inclusion of this third explanatory variable affect the R-square, compared to the corresponding values for the equation of part b? Explain any changes in this value. What does the adjusted R-square for the new equation tell you?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?
