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Operations Management
O 1031

O 1031

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...
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Here are the data for the past 21 months for actual sales of a product: Last Year This Year 300 275 400 375 425 350 450 425 400 400 350 350 300 275 September 375 350 October 500 November 550 December 500 January February March April May June July August Develop a forecast for the fourth quarter of this year using a three-quarter, weighted moving average. Weight the most recent quarter.5, the second most recent .25, and the third .25. 1050 1500 1000 460 400 O 1031
Transcribed Image Text:Here are the data for the past 21 months for actual sales of a product: Last Year This Year 300 275 400 375 425 350 450 425 400 400 350 350 300 275 September 375 350 October 500 November 550 December 500 January February March April May June July August Develop a forecast for the fourth quarter of this year using a three-quarter, weighted moving average. Weight the most recent quarter.5, the second most recent .25, and the third .25. 1050 1500 1000 460 400 O 1031
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