Operations Management CH 3 QUESTION 22 Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR QUANTITY (UNITS) QUARTER THIS YEAR QUANTITY (UNITS) I 12 I 16 II 18 II 24 III 26 III 28 IV 16 IV 18 a) Find a line using regression in Excel. Note: Round your answers to 3 decimal places. y = ________ + ________ t b)Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places. Period Trend Forecast Seasonal Factors Last Year I Last Year II Last Year III Last Year IV This Year I This Year II This Year III This Year IV This is left blank This is left blank This is left blank c) Forecast sales for next year. Note: Round your answers to 2 decimal places. Period Forecast (Units) Next Year I Next Year II Next Year III Next Year IV Exhibit 3.10. (Yellow Graph)
Operations Management CH 3 QUESTION 22 Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR QUANTITY (UNITS) QUARTER THIS YEAR QUANTITY (UNITS) I 12 I 16 II 18 II 24 III 26 III 28 IV 16 IV 18 a) Find a line using regression in Excel. Note: Round your answers to 3 decimal places. y = ________ + ________ t b)Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places. Period Trend Forecast Seasonal Factors Last Year I Last Year II Last Year III Last Year IV This Year I This Year II This Year III This Year IV This is left blank This is left blank This is left blank c) Forecast sales for next year. Note: Round your answers to 2 decimal places. Period Forecast (Units) Next Year I Next Year II Next Year III Next Year IV Exhibit 3.10. (Yellow Graph)
Practical Management Science
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ISBN:9781337406659
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Question
Operations Management CH 3
QUESTION 22
Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10.
QUARTER LAST YEAR | QUANTITY (UNITS) | QUARTER THIS YEAR | QUANTITY (UNITS) |
---|---|---|---|
I | 12 | I | 16 |
II | 18 | II | 24 |
III | 26 | III | 28 |
IV | 16 | IV | 18 |
a) Find a line using regression in Excel. Note: Round your answers to 3 decimal places.
y = | ________ | + | ________ | t |
b)Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places.
Period | Trend |
Seasonal Factors | |
Last Year | I | ||
Last Year | II | ||
Last Year | III | ||
Last Year | IV | ||
This Year | I | ||
This Year | II | ||
This Year | III | ||
This Year | IV | ||
This | is | left | blank |
This | is | left | blank |
This | is | left | blank |
c) Forecast sales for next year. Note: Round your answers to 2 decimal places.
Period | Forecast (Units) | |
Next Year | I | |
Next Year | II | |
Next Year | III | |
Next Year | IV |
Exhibit 3.10. (Yellow Graph)
![Example 3.4 - Computing a Seasonal Factor from Actual Data and Trend Line
2011 I
||
|||
IV
2012 I
||
|||
IV
1,000
800
600
400
200
0
Actual
Amount
300
200
220
530
520
420
400
700
From Trend
Equation
FITt = 170 + 55t
225
280
335
390
445
500
555
610
Ratio of
Actual/Trend
1.33
0.71
0.66
1.36
1.17
0.84
0.72
1.15
1
=
|||
IV
Series 1
Seasonal Factor
(Ave. of Same
Qtrs in Both
Years)
1.25
0.78
0.69
1.25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3c587d12-9024-45d6-b491-c85366082889%2F5c04da38-29e6-4e24-adbe-8e44db3ea1b8%2Fd2onejl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Example 3.4 - Computing a Seasonal Factor from Actual Data and Trend Line
2011 I
||
|||
IV
2012 I
||
|||
IV
1,000
800
600
400
200
0
Actual
Amount
300
200
220
530
520
420
400
700
From Trend
Equation
FITt = 170 + 55t
225
280
335
390
445
500
555
610
Ratio of
Actual/Trend
1.33
0.71
0.66
1.36
1.17
0.84
0.72
1.15
1
=
|||
IV
Series 1
Seasonal Factor
(Ave. of Same
Qtrs in Both
Years)
1.25
0.78
0.69
1.25
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