Naïve method. The forecast for Week 6 =A Round the final answer to two decimal places, e.g., 0.12, when necessary. Actual sales data (in pounds) for roasted coffee beans at a grocery store are given inthe table below:Week12345Actual Sales180201165174192

The spreadsheet calculations are shown below, Week Actual sales naïve forecast 1 201 2 227 201 3…

Answered: Naïve method. The forecast for Week 6 =…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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part b)
Answer number 3 only. Full solution. Unique answers only.
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The moving average forecast method should only be used with time series data demonstrating a linear trend. Question 17 options: True False
Time period Actual sales 1 18 2 22 If the forecasting value of period 3 is 19.6 using exponential smoothing, the smoothing constant is what?
Forecasting at Hard Rock Cafe Watch: Forecasting at Hard Rock Cafe # Foresting With the growth of Hard Rock Cafe-from one pub in London in 1971 to more than 185 restaurants in 74 countries today -came a corporatewide demand for better forecasting. Hard Rock uses long-range forecasting in setting a capacity plan and intermediate-term forecasting for locking in contracts for leather goods (used in jackets) and for such food items as beef, chicken, and pork. Its short-term sales forecasts are conducted each month, by cafe, and then aggregated for a headquarters view. The heart of the sales forecasting system is the point-of-sale (POS) system, which, in effect, captures transaction data on nearly every person who walks through a cafe's door. The sale of each entrée represents one customer; the entrée sales data are transmitted daily to the Orlando corporate headquarters' database. There, the financial team, headed by Todd Lindsey, begins the forecast process. Lindsey forecasts monthly…
On Week a) Item: P24 hand 1 2 3 4 5 6 7 8 Forecast 30 30 30 40 40 40 45 45 Customer Orders 13 8 4 PAB 20 Available to Promise MPS b) Determine if each customer order will be accepted. Order Amount Week Accept (Y/N) 1 40 2 30 3 4 30 25 462M 3 Update the MPS time-phased record for accepted orders. Item: P24 Forecast Customer Orders Problem 3: The MPS planner at Murphy Motors uses MPS time-phased records for planning end-item production. The planner is currently working on a schedule for the P24, one of Murphy's top-selling motors. The planner uses a production lot size of 70 and a safety stock of 5 for the P24 motor. a) Complete the MPS time-phased record for product P24. Use the table on the left. b) Determine if Murphy Motors can accept each of the following customer orders. Update the MPS time- phased record for accepted orders. Order 1234 Amount 40 Desired Week 4 30 30 25 623 8 4 On Week hand 1 2 3 4 5 6 30 30 30 40 40 40 74 45 45 PAB 20 Available to Promise MPS On hand = 20
Answer number 1 only. Full solution. Unique answers only.

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Naïve method. The forecast for Week 6 = A Round the final answer to two decimal places, e.g., 0.12, when necessary. Actual sales data (in pounds) for roasted coffee beans at a grocery store are given in the table below: Week 1 2345 Actual Sales 180 201 165 174 192