IMTAC a market leader in the production of heavy lathe machinery. The sales over the past 10 months are shown below. Month Actual Sales (units) (1) (2) (3) (4) (5) (6) 78 65 90 71 80 91 84 (8) (9) |(10) 60 75 80 (i) Forecast demand for the month 11 using a weight of 0.5 for the most recent data, 0.3 for the next and 0.2 for the oldest. (ii) If an actual sale during the month 11 is 60, forecast demand for the month of 12 using exponential smoothing method.

IMTAC a market leader in the production of heavy lathe machinery. The sales over the past 10 months are shown below. Month Actual Sales (units) (1) (2) (3) (4) (5) (6) 78 65 90 71 80 91 84 (8) (9) |(10) 60 75 80 (i) Forecast demand for the month 11 using a weight of 0.5 for the most recent data, 0.3 for the next and 0.2 for the oldest. (ii) If an actual sale during the month 11 is 60, forecast demand for the month of 12 using exponential smoothing method.

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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