A company that manufactures household appliances carries out its strategic planning with its main suppliers of raw materials. To do this, you must make a sales projection for the next month, since the prices you obtain depend on the volume that is manufactured. Historical sales data for the last 12 months of 20XX are given below in millions of dollars. 10.5, 9.4, 8.5, 9.8, 11.1, 9.2, 9.7, 10.3, 7.5, 8.7, 9.0, 9.1. a. Lists the time series components present in the company's sales. b. Forecast the first month of the year 20XY with the moving average technique with k= 2. c. Forecast sales for the first month of the year 20XY using the simple average technique. d. Write the strategies that the appliance manufacturer must implement with suppliers.
A company that manufactures household appliances carries out its strategic planning with its main suppliers of raw materials. To do this, you must make a sales projection for the next month, since the prices you obtain depend on the volume that is manufactured. Historical sales data for the last 12 months of 20XX are given below in millions of dollars. 10.5, 9.4, 8.5, 9.8, 11.1, 9.2, 9.7, 10.3, 7.5, 8.7, 9.0, 9.1. a. Lists the time series components present in the company's sales. b. Forecast the first month of the year 20XY with the moving average technique with k= 2. c. Forecast sales for the first month of the year 20XY using the simple average technique. d. Write the strategies that the appliance manufacturer must implement with suppliers.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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A company that manufactures household appliances carries out its strategic planning with its main suppliers of raw materials. To do this, you must make a sales projection for the next month, since the prices you obtain depend on the volume that is manufactured. Historical sales data for the last 12 months of 20XX are given below in millions of dollars. 10.5, 9.4, 8.5, 9.8, 11.1, 9.2, 9.7, 10.3, 7.5, 8.7, 9.0, 9.1.
a. Lists the time series components present in the company's sales.
b.
c. Forecast sales for the first month of the year 20XY using the simple average technique.
d. Write the strategies that the appliance manufacturer must implement with suppliers.
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Step 1: a. Listing the Time Series Components Present in the Company's Sales
VIEWStep 2: b. Forecasting the First Month of the Year 20XY with the Moving Average Technique (k=2)
VIEWStep 3: c. Forecasting Sales for the First Month of the Year 20XY Using the Simple Average Technique
VIEWStep 4: d. Strategies for the Appliance Manufacturer with Suppliers
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