Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip January $1.80 July $1.80 February $1.61 August $1.82 March $1.60 September $1.60 April $1.85 October $1.57 May $1.90 November $1.62 June $1.95 December $1.75 This exercise contains only part d. Part 2 With α = 0.1 and the initial forecast for October of $1.78, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Oct Nov Dec Forecast $1.78 enter your response here enter your response here
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip January $1.80 July $1.80 February $1.61 August $1.82 March $1.60 September $1.60 April $1.85 October $1.57 May $1.90 November $1.62 June $1.95 December $1.75 This exercise contains only part d. Part 2 With α = 0.1 and the initial forecast for October of $1.78, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Oct Nov Dec Forecast $1.78 enter your response here enter your response here
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
|
Month
|
Price Per Chip
|
Month
|
Price Per Chip
|
|
January
|
$1.80
|
July
|
$1.80
|
|
February
|
$1.61
|
August
|
$1.82
|
|
March
|
$1.60
|
September
|
$1.60
|
|
April
|
$1.85
|
October
|
$1.57
|
|
May
|
$1.90
|
November
|
$1.62
|
|
June
|
$1.95
|
December
|
$1.75
|
This exercise contains only part d.
Part 2
With
forecast for October of
α
= 0.1 and the initial $1.78,
using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):|
Month
|
Oct
|
Nov
|
Dec
|
|
Forecast
|
$1.78
|
enter your response here
|
enter your response here
|
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.