Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Related questions
Concept explainers
Question
Zeus Computer Chips, Incorporated used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the quad-core chips, which it cannot produce, so Zeus has the unpleasant task of
| QUARTER TWO YEARS AGO |
DEMAND | QUARTER LAST YEAR |
DEMAND | QUARTER THIS YEAR |
DEMAND |
|---|---|---|---|---|---|
| 1 | 4,800 | 1 | 3,500 | 1 | 3,200 |
| 2 | 3,500 | 2 | 2,700 | 2 | 2,100 |
| 3 | 4,300 | 3 | 3,500 | 3 | 2,700 |
| 4 | 3,000 | 4 | 2,400 | 4 | 1,700 |
Use the regression and seasonal indexes to forecast demand for the next four quarters.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Period Forecast
1
2
3
4
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 nowThis is a popular solution!
Step by stepSolved in 4 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.Similar questions
- 1. Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 4 months were as follows: Month Price Per Chip January $1.80 February $1.67 March $1.70 April $1.85 a) Using a 2-month moving average, calculate the forecast for March and April (round your responses to two decimal places). Month Mar Apr Forecast $enter your response here $enter your response herearrow_forwardFor the data below, answer the following four questions: Period Demand 1 58 2 59 3 60 4 61 What would be the simple moving average forecast for the 5th period? 68.2 58 60.7 59.5 61arrow_forwardPlot these forecasts AND the original demand data on graph paper or spreadsheet. Use a key to distinguish among your three lines. Please use the graph in the attached picture for the answer.arrow_forward
- I posted this question and it's been 18 hours that it still hasn't been answered. I only need the last two questions please (:arrow_forwardSuppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 Sales $3,400,000 $4,650,000 $3,300,000 $2,900,000 What would be the forecast for next year's sales using the naïve approach? Answer is complete but not entirely correct. Next year's sales $ 3,550,000 2020 $3,500,000arrow_forwardi need the answer quicklyarrow_forward
- UltraPure used two different techniques (F1 and F2) to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are in the table below. PREDICTED DEMAND Period Demand F1 F2 1 68 67 60 2 75 67 67 3 70 71 70 4 74 69 72 5 69 71 77 6 72 70 77 7 80 72 75 8 78 75 83 a. Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate? (Round your answers to 2 decimal places.)arrow_forwardPrepare a Demand Forecast for “Year 5” using Excel. Quarterly Data for Cars Sales Yt Year Quarter Sales (1000s) Year 1 1 4.80 2 4.10 3 6.00 4 6.50 Year 2 1 5.80 2 5.20 3 6.80 4 7.40 Year 3 1 6.00 2 5.60 3 7.50 4 7.80 Year 4 1 6.30 2 5.90 3 8.00 4 8.40 Year 5 1 2 3 4arrow_forwardPlease simply answer part barrow_forward
- Show your solution. Please write down your answer. No excel please. Thank you.arrow_forwardCadbury started an in-depth study to forecast customer demand based on data it previously recorded. Management at the global brand started recording sales data in two forms: yearly, & quarterly. The following tables show the recorded data for the past five years: Year Actual Demand 2017 128 2018 148 2019 161 2020 149 2021 137 Quarter 2017 2018 2019 2020 2021 1 30 39 42 36 33 2 42 41 47 34 45 31 33 41 42 31 25 35 31 37 28 The forecasted demand for the 2nd Quarter of year 2022 is * 18.25 43.45 25.18 目 目arrow_forwardPlease help with this. Thank you for your assistance.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education 
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
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.