TOPIC 3  FORECASTING, SALES & OPERATIONS PLANNING| What do you understand by;i.qualitative and quantitative forecast method .ii. the role of forecasting in supply chain managementiii. short range and Long range forecastsElaborate clearly for each answer. C. Elaborate the purpose of sales & operation planning, and describe the S&OP process.

Q: can you please answers all the blank and please provide me excel formular.

A: To roll up the individual product forecasts and compare them with the family data, we will first…

Q: Using a weighted moving average with weights of 0.40 (June), 0.20 (May), and 0.40 (April), find the…

A: NOTE: We are allowed to do the first three sub-parts only.Formulas:Weighted average forecast =…

Q: b. Discuss how forecasting accuracy relates to the practical application of aggregate planning.

A: Aggregate planning is the process that involves the development, analysis and other operational…

Q: -A forecasting method that forecasts progress upward in the organization from small units to…

A: Forecasting can be explained as the techniques or tools that help in estimating the future trends…

Q: The following tabulations are actual sales of units for 6 months and a starting forecast in January.…

A: Find the given details below:

Q: Judgmental forecasts have the following strengths, except___________. a. Can include “inside” and…

A: A prediction based on subjective data. A judgmental forecast is one that is made by someone who is…

Q: Using the table above, calculate two forecasts using the following method:- i. ii. iii. First, for…

A: (Month)Demand1452483434485496547478509461047

Q: a) Show the expression to calculate the missing forecasts from each forecasting technique. ompany.…

A: wt-1 = 0.4 wt-2 = 0.3 wt-3 = 0.3 n= 3 alfa = 0.3

Q: Time left 0:30:19 The sales of XYZ company for the previous three periods are 45,42, and 43…

A: The following is the data provided: Period Data January 45 February 42 March 43 The…

Q: 9-The approach that uses the organization's current level of employment as the starting point for…

A: Every business enterprise is required to assess its staffing requirements over a specific time…

Q: A number of factors must be taken into consideration when selecting a particular forecasting model.…

A: A.The determination of a technique relies upon numerous elements—the setting of the estimate, the…

Q: Research the following: 1. Forecasting 2. Steps in forecasting process 3. Forecast accuracy

A: NOTE: We are allowed to do the first three sub-parts only.  Forecasting is a difficult task because…

Q: hat is one of the biggest challenges to overcome in new product forecasting? a. Selecting the best…

A: challenges in new product forecasting lack of historical data is one of the biggest challenge as…

Q: pros and cons of doing that? Give three examples of unethical conduct involving forecasting and the…

A: Unethical behavior takes place in forecasting when an analyst specifies a particular data to create…

Q: a. Month Demand 1 45 2 48 3 43 4 48 5 49 6 54 7 47 8 50 9 46 10 47 Using the table above, calculate…

A: I did my best to help you with this. If you find my efforts and answers helpful, (^-^) Please help…

Q: a. Forecast the sales for the month of July using a 3-week moving average b. Forecast the sales for…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: choices: a. true b. false c. others (specify) 1. Holt’s linear method is very applicable for…

A: Below are the answer statements:

Q: 5- When a forecast is too high in a company, it means that the company has allocated more resources…

A: The company should be very careful when allocating the resources, else that can be a great loss for…

Q: 20- Forecasting is very important in predicting the future sales of a company. Can you identify the…

A: Below is the solution;-

Q: Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the…

A: Linear regression is a statistical modeling method used to establish a relationship between a…

Q: Suppose that you are using the four-period weighted moving average forecasting method to forecast…

A: The weighted moving average forecast is a time series forecasting method that uses a linear…

Q: Problem 16A: ROLLED DOWN unit forecast for part C is 22, F is 2, I is 254, and L is 3.

A: To solve Problem 16A, we need to roll up the individual product forecasts into product families and…

Q: Starbucks' actual distribution system is much more complex, but for the purpose of our exercise…

A: WeekAtlantaBostonChicagoDallasLATotal-54362584243248-43425203541155-33350714053247-25540436445247-13…

Q: The MAD for Method 1 = thousand gallons (round your response to three decimal places).

A: WeekActualForecast10.680.85211.05310.9741.041.22

Q: An operation specialist used two forecast methods to forecast demand for a certain word processing…

A: Forecast for A Month Sales(S) Forecast A(F) error(S-F) |error| January 60       February 25…

Q: Distinguish between Planning and Forecasting. Answer must briefly.

A: Future demand is the forecasted demand for the products and services expected from the customers.

Q: Al Maha Plastic manufacturing Companies last Six weekly values of Sales were 90, 110, 115, 135, 140,…

A: ERROR= ACTUAL SALES -FORECAST  MAD = ABSOLUTE CUMULATIVE ERROR/ WEEK NUMBER TRACKING SIGNAL=…

Q: Problem 1: Sheet 1 a) Find on the Internet a time series, which contains at least 20 entries.…

A: Find the Time series data below: Note that, the below data was collected from the website…

Q: 4 .Substitute for Problem # 4 on in attachment)-Calculate the MAD,revised MAD and the Revised…

A: Given data is The revised forecast using the Naive method and revised MAD is shown below. As the…

Q: Use exponential smoothing with smoothing constant 0.4 to complete the table. b) Forecast the next…

A: THE ANSWER IS AS BELOW:

Q: a. Compute a three-semester moving average forecast for semesters 4 through 9. b. Compute the…

A: Forecasting is a technique used to predict future outcomes on the basis of past data. In business…

Q: Forecasts are generally wrong.a. Why are forecasts generally wrong?

A: Forecasting is used to predict future changes or demand patterns. Forecasting is the process of…

Q: Following are two weekly forecasts made by two different methods for the number of gallons of…

A: Measuring the variability or dispersion of a data collection is done statistically using the term…

Q: Slide 6: Forecast • Describe the forecasting methods used by Walmart to anticipate demand for…

A: Walmart, one of the world's largest and most influential retail giants, relies on a sophisticated…

Q: Given below are the demands of a certain product over the past 10 weeks. Week | 1 | 2 | 3| 4 | 5 6 |…

A: Since you have submitted multiple questions with multiple subparts as per guidelines I have answered…

Q: PA 15-4 A police station had to deploy a police officer... A police station had to deploy a police…

A:

Q: Tim Hortons is planning to expand a new emarket by opening 6 branches. What are the 2 possible…

A: ANSWER IS AS FOLLOWS:

Q: Forecasting Methodology: Choose an appropriate demand forecasting method (e.g., qualitative,…

A: Requirement: Explaining the chosen method of forecast and its rationale. Assumption: Assume the…

Q: what is a sales forecast?  a. In a manufacturing and distribution company how often shoud the sales…

A: Sales forecast: Sales forecast refers to the process of predicting the future demand of product or…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.