Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip $2.00 January February $1.90 July August September $1.61 $1.85 $1.65 $1.50 March $1.60 April May $1.85 October $1.88 $1.50 $1.75 November June $1.95 December This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Forecast $1.76 1.61 1.73 1.87 1.92 1.98 1.93 1.75 1.57 1.5 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Apr May Jun Jul Aug Sep Oct Nov Dec $1.70 1.67 Forecast 1.69 1.78 1.89 1.94 1.93 1.83 1.55 c) The mean absolute deviation based on a 2-month moving average of March through December is $ .169 (round your response to three decimal places). The mean absolute deviation based on a 3-month moving average of April through December is $ (round your response to three decimal places).

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip $2.00 January February $1.90 July August September $1.61 $1.85 $1.65 $1.50 March $1.60 April May $1.85 October $1.88 $1.50 $1.75 November June $1.95 December This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Forecast $1.76 1.61 1.73 1.87 1.92 1.98 1.93 1.75 1.57 1.5 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Apr May Jun Jul Aug Sep Oct Nov Dec $1.70 1.67 Forecast 1.69 1.78 1.89 1.94 1.93 1.83 1.55 c) The mean absolute deviation based on a 2-month moving average of March through December is $ .169 (round your response to three decimal places). The mean absolute deviation based on a 3-month moving average of April through December is $ (round your response to three decimal places).

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question
100%

m4h2#4

Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip $1.90 $2.00 January February March $1.61 $1.60 July August September $1.85 $1.65 $1.85 $1.50 April May October $1.88 November $1.50 June $1.95 December $1.75 This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Forecast $1.76 1.61 1.73 1.87 1.92 1.98 1.93 1.75 1.57 1.5 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Apr Мay Jun Jul Aug Sep Oct Nov Dec Forecast $1.70 1.69 1.78 1.89 1.94 1.93 1.83 1.67 1.55 c) The mean absolute deviation based on a 2-month moving average of March through December is $ .169 (round your response to three decimal places). The mean absolute deviation based on a 3-month moving average of April through December is $ (round your response to three decimal places).
Transcribed Image Text:Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month Price Per Chip Month Price Per Chip $1.90 $2.00 January February March $1.61 $1.60 July August September $1.85 $1.65 $1.85 $1.50 April May October $1.88 November $1.50 June $1.95 December $1.75 This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Mar Apr May Jun Jul Aug Sep Oct Nov Dec Forecast $1.76 1.61 1.73 1.87 1.92 1.98 1.93 1.75 1.57 1.5 b) Using a 3-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Apr Мay Jun Jul Aug Sep Oct Nov Dec Forecast $1.70 1.69 1.78 1.89 1.94 1.93 1.83 1.67 1.55 c) The mean absolute deviation based on a 2-month moving average of March through December is $ .169 (round your response to three decimal places). The mean absolute deviation based on a 3-month moving average of April through December is $ (round your response to three decimal places).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS