1. The Southern Pizza Parlor is a small restaurant. One of the customers' favorites is Southern Spicy Cheesy Pizza. Tim Owan, the manager, must forecast monthly demand for these special pizzas so that he can order the correct amount of pizza shells monthly. Based on records, the demand has been as follows: (Please see the table) a) Forecast the demand for Southern Spicy Cheesy Pizza for month 13-16, using the 3 and 4 period moving average method. Note: Round up all the forecast to the nearest hundredth. b) Forecast the demand for month 16, using weights of 0.5. c) Forecast the demand for month 10 to 16 using the exponential smoothing method with a = 0.3. d) Now, forecast the demand for month 10-16 using the exponential smoothing method with a = 0.6. How do they compare to that in part (c)?
1. The Southern Pizza Parlor is a small restaurant. One of the customers' favorites is Southern Spicy Cheesy Pizza. Tim Owan, the manager, must forecast monthly demand for these special pizzas so that he can order the correct amount of pizza shells monthly. Based on records, the demand has been as follows: (Please see the table) a) Forecast the demand for Southern Spicy Cheesy Pizza for month 13-16, using the 3 and 4 period moving average method. Note: Round up all the forecast to the nearest hundredth. b) Forecast the demand for month 16, using weights of 0.5. c) Forecast the demand for month 10 to 16 using the exponential smoothing method with a = 0.3. d) Now, forecast the demand for month 10-16 using the exponential smoothing method with a = 0.6. How do they compare to that in part (c)?
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
![3 monthly
4 monthly
moving
FORECAST USING SIMPLE
No. of Southern Spicy
Cheesy Pizzas sold
moving
EXPONENTIAL SMOOTHING 0.3 smoothing
0.6 smoothing
Months
average
average
0.5
constant
constant
1.
620
2
530
625
4.
680
515
6.
601
7
678
591
520
10
675
11
689
12
691
13
14
15
16](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F121e89db-0615-4d13-a559-773b706e05b8%2F81ef85b4-1f4c-4ee9-bae2-7943e8b59035%2F89ywou_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3 monthly
4 monthly
moving
FORECAST USING SIMPLE
No. of Southern Spicy
Cheesy Pizzas sold
moving
EXPONENTIAL SMOOTHING 0.3 smoothing
0.6 smoothing
Months
average
average
0.5
constant
constant
1.
620
2
530
625
4.
680
515
6.
601
7
678
591
520
10
675
11
689
12
691
13
14
15
16
![1. The Southern Pizza Parlor is a small restaurant. One of the customers' favorites is
Southern Spicy Cheesy Pizza. Tim Owan, the manager, must forecast monthly demand
for these special pizzas so that he can order the correct amount of pizza shells monthly.
Based on records, the demand has been as follows: (Please see the table)
a) Forecast the demand for Southern Spicy Cheesy Pizza for month 13-16, using the 3 and 4
period moving average method. Note: Round up all the forecast to the nearest hundredth.
b) Forecast the demand for month 16, using weights of 0.5.
c) Forecast the demand for month 10 to 16 using the exponential smoothing method with a
= 0.3.
d) Now, forecast the demand for month 10-16 using the exponential smoothing method
with a = 0.6. How do they compare to that in part (c)?
Please show your computations](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F121e89db-0615-4d13-a559-773b706e05b8%2F81ef85b4-1f4c-4ee9-bae2-7943e8b59035%2Fuxzv8me_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. The Southern Pizza Parlor is a small restaurant. One of the customers' favorites is
Southern Spicy Cheesy Pizza. Tim Owan, the manager, must forecast monthly demand
for these special pizzas so that he can order the correct amount of pizza shells monthly.
Based on records, the demand has been as follows: (Please see the table)
a) Forecast the demand for Southern Spicy Cheesy Pizza for month 13-16, using the 3 and 4
period moving average method. Note: Round up all the forecast to the nearest hundredth.
b) Forecast the demand for month 16, using weights of 0.5.
c) Forecast the demand for month 10 to 16 using the exponential smoothing method with a
= 0.3.
d) Now, forecast the demand for month 10-16 using the exponential smoothing method
with a = 0.6. How do they compare to that in part (c)?
Please show your computations
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
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 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Operations Management](https://www.bartleby.com/isbn_cover_images/9781259667473/9781259667473_smallCoverImage.gif)
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
![Operations and Supply Chain Management (Mcgraw-hi…](https://www.bartleby.com/isbn_cover_images/9781259666100/9781259666100_smallCoverImage.gif)
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](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Operations Management](https://www.bartleby.com/isbn_cover_images/9781259667473/9781259667473_smallCoverImage.gif)
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
![Operations and Supply Chain Management (Mcgraw-hi…](https://www.bartleby.com/isbn_cover_images/9781259666100/9781259666100_smallCoverImage.gif)
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
![Business in Action](https://www.bartleby.com/isbn_cover_images/9780135198100/9780135198100_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)
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…](https://www.bartleby.com/isbn_cover_images/9781478623069/9781478623069_smallCoverImage.gif)
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.