Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average toforecast sales for year 12.YearDemand (Bags)4.6.10687881210141115O A. 14.00O B. 11.79OC. 14.87O D. 13.67Click to select your answer.tUswMacBook Air3088F4* ESFIIIF8F9F10@#:2$&*6.789.0.QRYUP.SF%3DKCVM.altcommandcommandoption+* co

Answered: Image /qna-images/answer/cbabf10d-2b77-45b0-a204-1c948c18c1b9.jpg

Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to forecast sales for year 12. Year Demand (Bags) 4. 2. 6. 4 4 5. 10 6. 8. 8. 12 10 14 11 15 O A. 14.00 O B. 11.79 OC. 14.87 O D. 13.67

Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to forecast sales for year 12. Year Demand (Bags) 4. 2. 6. 4 4 5. 10 6. 8. 8. 12 10 14 11 15 O A. 14.00 O B. 11.79 OC. 14.87 O D. 13.67

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Q: (a) Compute four-week and five-week moving averages for the time series. Week Time Series Value…

A: Answer:

Q: The number of pounds of steam used per month by a chemical plant is thought to be related to the…

A: Simple linear Regression model : Linear Regression analysis is used to measure the association or…

Q: The number of pounds of steam used per month by a chemical plant is thought to be related to the…

A: Given The number of pounds of steam used per month by a chemical plant is thought to be related to…

Q: The total amount of consumer credit has been increasing steadily in recent years. The following…

A: It is given that x equal the number of years since 2000. So, x=0 for the year 2000.

Q: You are given the following information about items X, Y, and Z. Unit Price $ Item 2010 2015…

A: The information provided is given below:

Q: (a) For Region 2, what is the average rate of change per year in price from 2002 to 2005? (b) Use…

A: I have done the questions according to multiple subpart rules.

Q: Use this data and develop a model of a truck's annual maintenance expenses based on its weekly usage…

A: Given the data as Weekly Usage (hours) Annual Maintenance Expense 33 27 23 24 25 25 28 33…

Q: The monthly average sales (in dollars) of a grocery store in 2018 and 2019 were recorded: July 4608…

A: The average sales data is given for the years 2018 and 2019. The box plot, commonly known as the box…

Q: For a project, Fay kept track of the total annual amount of precipitation in inches for two cities…

A: Mean is the type of average that can be computed mathematically. Standard deviation is the method of…

Q: 2. The manager of a fabric company needs to accurately forecast the demand for fabric. If the…

A: The question is based on a time series Given :

Q: 3. The number of pounds of steam used per month by a chemical plant is thought to be related to the…

A: The data for the steam usage(y) and the average temperature(x) are given.

Q: The number of pounds of steam used per month by a chemical plant is thought to be related to the…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: 6. Calculate a 7-months moving average for each month. What is the forecast for month 11? Months…

A: To Find: 7 months moving average for each month Formula using 7-month moving average…

Q: Based on the information in the following table, use the THREE-MONTH MOVING AVERAGE Approach to…

A: Given: Period Month Demand 1 Jan 129 2 Feb 57 3 Mar 66 4 Apr 138 5 May 183 6 Jun 54…

Q: The Law of Supply states that an increase in price will result in an increase in the quantity…

A: The table shows the price and quantity supplied.

Q: Using the data in the table below, estimate the demand function for cod. Price, dollars per pound…

A: The question is about regression analysis.The given data are,Price, dollars per poundQuantity,…

Q: Compute the one-step-ahead 3-month and 6-month moving-average forecasts for July through December.…

A: Given information: The data presents the sample for the months January through December.

Q: The following data represents annual expenditure on a product (Y), annual income (X₁) and the price…

Q: What is the forecast for March using a 3-month moving average?

A: Using excel calculate 3-month moving average

Q: Using excel. For the Hawkins Company, the monthly percentages of all shipments received on time over…

A: Given: For the Hawkins Company, the monthly percentages of all shipments received on time over the…

Q: Use the following data to answer the following problems Year Quarter Sales 2 3 3 1 2 3 1 2 3 55 58…

A: Step 1: Unstack columns by quarter: Go to Data > Unstack columns then new window is opened as…

Q: The table shows the number of accidents, fatalities, hours and miles flew for U.S. airlines.…

A: (a) Compute the accident rate per million hours flown in 2000 and 2015 and conclude by this measure…

Q: The sales (in millions of dollars) for an 18-month period are as follows. Month Sales Month Sales 1…

A: Forecasting of time series data is done to predict the value for the future using the past trends.…

Q: Your manager is trying to determine what forecasting method to use. Based on the following…

A: MONTHACTUAL DEMAND162265367468571673776878978108011841285

Q: Bob is a photographer who sells prints on consignment. Each week during the summer, Bob checks the…

A: Week Sold 1 17 2 10 3 9 4 16 5 18 6 14 7 9 8 8

Q: The materials handling manager of a manufacturing company is trying to forecast the cost of…

A: Given data is Age Yearly Maintenance 5.5 1319 5.5 1749 5.5 1733 5.0 1195 5.0 1423…

Q: The table shows the sales revenue from the past 8 quarters. What is the 4-period moving average…

A: The given table shows the sales revenue from the past 8 quarters.

Q: Below is data collected over 6 specific years. The data collected is the Consumer Price Index (CPI)…

A: These are the data that have been provided for the dependent and independent variables: Obs. XX…

Q: Past sales for months 1 to 5 of a large equipment are shown below. Month 1 2 3 4 5 Actual Demands 12…

A: From the given information we forecast for 6 using least squared equation

Q: Maximizing the profit of timber harvesting involves considering all of the following except: A.…

A: Whenever we are harvesting any natural resource , only the outcome of profit source variant is…

Q: students receiving scholarships. Students receiving scholarships Year Students 2017 18 2018 35 2019…

Q: Here are data on the monthly price of gas for a certain year, which is a component of the Consumer…

A: Given data is:Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov…

Q: Below is data collected over 6 specific years. The data collected is the Consumer Price Index (CPI)…

A: Given x=CPI, y=cost of tuna, level of significance= 0.05 Simple linear regression equation is:…

Q: You have collected data on a firm’s sales (in units) for a product line during the past 16 weeks.…

A: forecast-Time series forecasting is a process for the prediction of events through a sequence of…

Q: he following data give the average price received by fishermen for several species of fish in 2000…

Q: The table below contains the weekly actual demand and forecasted demand for a product. Week Actual…

A: Given the weekly actual and forecasted demand for the product.Want to calculate MAD, tracking…

Q: Here are the data for the past 21 months for actual sales of a particular product: LAST YEAR THIS…

A: LAST YEARTHIS…

Q: The following table shows the past two years of quarterly sales information. Assume that there are…

A: Given the past two years of quarterly sales information:QUARTERSALES12202232320141935163619471558136

Q: Period Demand forecast Weights Weighted Moving average Exponential Smoothing forecast X2…

A: 1. FORECAST =SIGMA(PREVIOUS N DEMANDS)N WHERE N = 4 FORECAST 13 = (3900 + 4700 + 4300 + 4400)4 =…

Q: For the data set, perform exponential smoothing with alpha = 0.1 to determine the forecast for week…

A: Given data and forecast for the following week is shown here

Q: John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number…

A: Given, Claims made four years ago as 1,400 when it should have been 1,200. to find, a. What…

Q: The total amount of consumer credit has been increasing steadily in recent years. The following…

Q: The values of building contracts (in $millions) for a 12-month period following. Compare a…

A: Note: Hi there! Thank you for posting the question. As your question has more than 3 parts, we have…

Question

Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to
forecast sales for year 12.
Year
Demand (Bags)
4.
6.
10
6
8
7
8
8
12
10
14
11
15
O A. 14.00
O B. 11.79
OC. 14.87
O D. 13.67
Click to select your answer.
tUs
w
MacBook Air
30
88
F4
* ES
FI
II
F8
F9
F10
@
#:
2$
&
*
6.
7
8
9.
0.
Q
R
Y
U
P.
S
F
%3D
K
C
V
M.
alt
command
command
option
+
* co

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!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Time Series Analyses, Forecasting Methods, and Indices$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.

Similar questions

Based on the information in the following table, use the THREE-MONTH MOVING AVERAGE Approach to forecast the demand for periods 4-12 PERIOD MONTH Demand Forecast Jan 57 2. Feb 69 3. Mar 210 Apr 54 May 207 Jun: 108 7. Jul 210 Aug 78 69 Sep 156 10 Oct 114 11 Nov 135 12 Dec 171
Technicians use moving-average lines to detect changes in trends by observing the interaction between the price of an asset and its moving average over a specific period. Consider a stock whose price data over the past 10 days are as follows: Day 1 2 3 4 5 6 7 8 9 10 Stock Price ($) 54.50 54.25 55.75 56.50 57.25 56.00 54.75 53.25 52.50 53.00 5-Day Simple Moving Average ($) Trend Assume a simple moving average (SMA) is calculated over a 5-day period. Calculate the SMA for each day, and based on the SMA, identify any potential changes in the trend during the 10-day period.
In the area of Russia récords were kept on the relationship between the rain Fall in inches and the yield of wheat (bushels per acre ).the data for a 9 year period is as follow. Rain fall x 13.1,11.4,16.0,15.1,21.4,12.9,9.6,18.2,18.6. yield y : 48.5,44.2,56.8,80.4,47.2,29.9,74.0,74.0,76.8 the equation of the line of least squares is given as ^y= -9.12+4.38x. How many bushels of wheat peen acre can be predicted if it’s is expected that there will be 30 inches of rain?
From the data given below, aggregative expenditure ideal method: Commodity Current Year Base Year |Quantity Quantity 3 Price Price 4 2 B 2 3 5 IC 6 4 18 A. 92.67 B. 29.67 C. 76.92 D. 69.27
The table below represents the monthly unemployment rates in the US from January of 2005 through May of 2016. Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2005 5.3% 5.4% 5.2% 5.2% 5.1% 5.0% 5.0% 4.9% 5.0% 5.0% 5.0% 4.9% 2006 4.7% 4.8% 4.7% 4.7% 4.6% 4.6% 4.7% 4.7% 4.5% 4.4% 4.5% 4.4% 2007 4.6% 4.5% 4.4% 4.5% 4.4% 4.6% 4.7% 4.6% 4.7% 4.7% 4.7% 5.0% 2008 5.0% 4.9% 5.1% 5.0% 5.4% 5.6% 5.8% 6.1% 6.1% 6.5% 6.8% 7.3% 2009 7.8% 8.3% 8.7% 9.0% 9.4% 9.5% 9.5% 9.6% 9.8% 10.0% 9.9% 9.9% 2010 9.7% 9.8% 9.9% 9.9% 9.6% 9.4% 9.5% 9.5% 9.5% 9.5% 9.8% 9.4% 2011 9.1% 9.0% 9.0% 9.1% 9.0% 9.1% 9.0% 9.0% 9.0% 8.8% 8.6% 8.5% 2012 8.2% 8.3% 8.2% 8.2% 8.2% 8.2% 8.2% 8.1% 7.8% 7.8% 7.8% 7.9% 2013 7.9% 7.7% 7.5% 7.5% 7.5% 7.5% 7.3% 7.2%…
2. The table below gives the sales, S, of Intel Corporation, a leading manufacturer of integrated circuits. 2003 30,100 2004 34,200 2006 2007 2008 Year S (millions of $) 2005 38,800 35,400 38,300 37,600 a. Find the change in sales between 2005 and 2006. b. Find and interpret the average rate of change in sales between 2005 and 2006.
(e) Test the hypothesis Ho : B1 = 10 versus H1 :ß, # 10 using a = 0.01. Ho and conclude the slope v 10 at a = 0.01. (d) Test the hypothesis Ho : Bo = 0 versus H1 : Bo + 0 using a = 0.01. Ho and conclude that the intercept be included in the model.
Data for a particular country on consumer debt (as a percentage of personal income) and mortgage debt (also as a percentage of personal income) for the 10 years from 2006 to 2015 are shown in the following table. Consumer Debt r = 6.72 7.07 6.97 6.69 6.19 5.58 5.15 4.95 4.74 4.59 Mortgage Debt 5.96 5.97 5.88 5.60 5.17 5.06 4.96 5.22 5.30 5.45 (a) What is the value of the correlation coefficient for this data set? (Round your answer to four decimal places.)
Below is a table containing data on product demand for the most recent five months along with the forecasts that had been made for those 5 previous months. Use the exponential smoothing method to forecast the number of sales to expect next month. Use the following value of alpha: 0.2. Month Demand Forecast 1 308 349.2 2 388 340.9 3 344 350.3 4 400 349.1 5 341 359.3
Weekly sales of copy paper at Cubicle Suppliers are in the table below. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7. Compute each forecast. Which model is more accurate? Forecast week 8 with the more accurate method. Week Sales (cases) 1 17 2 21 3 27 4 31 5 19 6 17 7 21