Company ABC produces and sells 4 types of computer monitors of different features. The following table shows the number of products (Products 1, 2, 3, and 4) ABC sold in the past 5 weeks. Week 1 3 4 Total Product Type Product 1 20 25 50 55 45 195 Product 2 55 50 80 98 95 378 332 Product 3 50 35 75 90 82 Product 4 40 32 70 88 80 310 Total 165 142 275 331 302 1215 2.1) Use 3-period moving average method (with the general equation given below) to calculate: 2.1.1) the number of Product 1 ABC may plan to sell in Week 6. 2.1.2) the predicted number of Product 2 that ABC planned to sell in Week 5.
Company ABC produces and sells 4 types of computer monitors of different features. The following table shows the number of products (Products 1, 2, 3, and 4) ABC sold in the past 5 weeks. Week 1 3 4 Total Product Type Product 1 20 25 50 55 45 195 Product 2 55 50 80 98 95 378 332 Product 3 50 35 75 90 82 Product 4 40 32 70 88 80 310 Total 165 142 275 331 302 1215 2.1) Use 3-period moving average method (with the general equation given below) to calculate: 2.1.1) the number of Product 1 ABC may plan to sell in Week 6. 2.1.2) the predicted number of Product 2 that ABC planned to sell in Week 5.
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...
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Transcribed Image Text:Company ABC produces and sells 4 types of computer monitors of different features. The following table shows the
number of products (Products 1, 2, 3, and 4) ABC sold in the past 5 weeks.
Week
1
Total
Product Type
Product 1
20
25
50
55
45
195
Product 2
55
50
378
332
50
80
98
95
Product 3
35
75
90
82
Product 4
40
32
70
88
80
310
Total
165
142
275
331
302
1215
2.1) Use 3-period moving average method (with the general equation given below) to calculate:
2.1.1) the number of Product 1 ABC may plan to sell in Week 6.
2.1.2) the predicted number of Product 2 that ABC planned to sell in Week 5.
2.2) A local competitor, Company XYZ sells Product 5, another type of computer monitor. Product 5 of
XYZ typically takes 20% of the total market and the 4 types of products of ABC together take 80% of
the market. ABC would like to use its own data to estimate the number of Product 5 sold by XYZ. Use
4-period moving average method to calculate the number of Product 5 that XYZ may have sold in
Week 5.
To calculate Moving Average with n periods: X, =
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