Given the Exponential Smoothing Method, Actual Demand alpha = .25 and Forecast Demand alpha = 0.75, Find the forecast value in Day 10
Q: please answer both the questions. and what is the correct answer for this ?
A:
Q: STIONS Which of the four strategic options suggested would be the mos effective in competing in this…
A: We area unit all awake to the crackers and bolts of marketing;we have to be if we wish to push our…
Q: ustries use this strategy? Are there any ethical issues involved in overbooking? Use your own…
A: You've likely managed it yourself, and you know very well what an overbooking is, however for the…
Q: An operational definition is: O a. One that bears no relation to the underlyi concept. O b. An…
A: The answer is as below:
Q: Let’s assume you are the new full time manager that the school has hired to take over running the…
A: Operational equipment refers to the tools, machines, devices, and other physical assets used to…
Q: Why is managing returns important?
A: Managing returns in an organization is often seen as a low point and also a drain on the profits of…
Q: For a project, an estimated normal time with an associated normal cost is given for each activity.…
A: ANSWER IS AS BELOW:
Q: Identify and list the strengths, weaknesses, opportunities and threats that the Shipwreck Café may…
A: A SWOT analysis is a strategic planning tool which is utilized by every company nowadays. It can be…
Q: Q2: (a) What are the several aspects that every analyst should understand before visiting the…
A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…
Q: a. The minimum project duration. b. The Critical Path c. The total float for each activity. d. The…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: List ways to avoid the following reasons for businesses failure; inability to develop and monitor…
A: The rate of business failures is considerable all over the world. However, there are various reasons…
Q: 24. Company XYZ, Inc. administered an employee survey at the end of their fiscal year. Some results…
A: An employee survey that is well-designed and conducted can reveal a wealth of information about…
Q: a. Draw the project network. b. Identify the critical path(s). C. Find the total project completion…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Give two workable solutions a company can incorporate, so to manage or prevent ad-hoc orders.…
A: An ad hoc demand in the business of undertaking the board ordinarily demonstrates an assignment or…
Q: In lookalike audiences targeting on Facebook you CANNOT target: OA. Existing customers O B. People…
A: Facebook advertisements have been the most widely used digital marketing channel. Brands, companies,…
Q: Consider the transportation problem (a special kind of network optimization problem with no…
A: The transportation problem is an exceptional sort of straight programming problem where the goal is…
Q: Here are the changes to the original problem and the revised conditions for this decision-making…
A: Find the Given details below:
Q: 1. What do you think about the vision and mission of the school? Discuss your answer substantially.
A: Strategic intent is a blueprint of an organization that lays out a specific direction for the…
Q: Deborah enters your office, and you notice that she looks apprehensive. “Hi, Deborah. What’s up?”…
A: As Uber Technologies, Inc. contemplates entering new global markets, it becomes imperative to not…
Q: You are required to conduct a literature search and discussion in this assignment.You are to choose…
A: The budgeting process is used to determine the future income and expenditure to compensate for the…
Q: ack have been designated to organise an off-the job ‘Soft Skills training program’ for the employees…
A: A memorandum or "memo" is a written message, typically used in professional settings. In business,…
Q: You’re responsible for updating the contract details for a third party contracted manufacturer of…
A: Following are the steps that would be taken together the information before the deadline - Identify…
Q: The Texago Corporation has four oil fields, four refineries, and four distribution centers in the…
A:
Q: 1. How does understanding the Product Management Cycle help in undertaking effective product…
A: Disclaimer: Since you have asked multiple question, so as per the company guidelines, we can solve…
Q: Help! Please show complete and explicit solution with step by step explanation thankyou! Note: the…
A: Heat loss is defined as the decrease of heat existing in space from heat transfer through walls,…
Q: Could you explain the below answer in short?
A: Finally, making the most of Twitter requires you to interact with your followers and stand out. As…
Q: 4. A manufacturing firm maintains one product assembly line to produce generators. The demand for…
A: Given, Demand = 85 units per week Production run = 8 hours per day and operates 5.5 days per week…
Q: Earnings at End of Federal Hours Previous Total Income Name Worked Week Earnings Class. Other…
A: Payroll refers to the total amount that is required to be paid by the company to its employees…
Q: 1: MARK TRUE or FA 1. Par stock is the maximum quantity of any item that should be on hand at any…
A: The given set of statements pertains to various aspects of inventory management, food safety…
Q: Jesse Atkinson, the only mechanic at the service center of New York Taxicab Company (NYTC), provides…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: QUESTIONS 1. How could a human resource manager help Radio Flyer get the maximum benefit from the…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 6. Select an organization of your choice and discuss the concept of business portfolio
A: Let me discuss the concept of business portfolio for a well-known company, Procter & Gamble…
Q: 3.27. The Cost-Less Corp. supplies its four retail outlets from its four plants. The shipping cost…
A: Find the Given details below: Given Details: Unit Shipping Cost Retail Outlet 1 2 3 4…
Q: DM Office Products (DMOP) is a wholesale supplier of office products with one facility in…
A: Find the given details below:
Q: Across 3. Measurements taking top priority 6. measurement that should be linked to customer…
A: Performance management system is the aspect of management that deals with managing and improving the…
![Given the Exponential Smoothing Method,
Actual Demand alpha = .25 and
Forecast Demand alpha = 0.75,
Find the forecast value in Day 10
Day
Actual Demand
Forecast
$26
$28
$21
$38
1
3
4
5
??
??
7
??
8
??
9
??
10
??](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07076438-d15c-448a-848b-bcaa521020be%2Fd8b9f1ac-7aa9-4ff4-bd81-4a57649f2710%2Fw8n75m_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Under what conditions might a firm use multiple forecasting methods?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
- *** Can you please demonstrate how to do parts d, e, f? Given: Year Demand 1 7 2 9 3 5 4 9 5 Predict the value for Year 5: 2 year moving average What is MSE for 2 year moving average? 2 year moving average using 0.6 (weight for the oldest period) and 0.4(weight for most recent period Exponential smoothing, =0.2 and forecast for Year 1 = 5 Linear trend Which forecast method has the least amount of error using MAD? What is the coefficient?Show your step by step solutionShow your complete solution
- Given: Year Demand 1 7 2 9 3 5 4 9 5 Predict the value for Year 5: 2 year moving average What is MSE for 2 year moving average? 2 year moving average using 0.6 (weight for the oldest period) and 0.4(weight for most recent period Exponential smoothing, =0.2 and forecast for Year 1 = 5 Linear trend Which forecast method has the least amount of error using MAD? What is the coefficient?Given a 3-quarter period of actual and forecast demand as shown in the table. The company ABC sets a forecast error with a limits of +/- 4, what can you conclude about the forecasted demand? Quarter Actual Demand Forecast Demand 1st 178 175 2nd 225 220 3rd 233 235 O Not acceptable. higher with the set limit O Not Acceptable, lower with the set limít O Accurate, forecast demand is equal to set limit O Acceptable, within set limit NextA manager uses this equation to predict demand for landscaping services: Ft= 10 + 5t. Over the past eight periods, demand has been as follows:Period, t 1 2 3 4 5 6 7 8Demand 15 21 23 30 32 38 42 47Is the forecast performing adequately? Explain.
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)