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 January February March April May June Price Per Chip $1.85 $1.61 $1.60 $1.85 $1.91 $1.95 Month July August September October November December Price Per Chip $2.00 $1.75 $1.65 $1.50 Month Mar Apr May Jun Jul Forecast $1.73 1.61 1.73 1.88 1.93 $1.60 $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): Aug Oct Nov Sep 1.98 1.88 1.70 ■ Dec

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 January February March April May June Price Per Chip $1.85 $1.61 $1.60 $1.85 $1.91 $1.95 Month July August September October November December Price Per Chip $2.00 $1.75 $1.65 $1.50 Month Mar Apr May Jun Jul Forecast $1.73 1.61 1.73 1.88 1.93 $1.60 $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): Aug Oct Nov Sep 1.98 1.88 1.70 ■ Dec

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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