Q4ABC University wants to develop forecasts for next year's quarterly enrollment. It has collectedquarterly enrollments for the past two years. It has also forecast total annual enrollment for nextyear to be 95,000 students. What is the forecast for each quarter of next year?Enrollment (in 000')QuarterYear 1Year 2Fall2425Winter2322Spring1819Summer1517

Answered: Q4 ABC University wants to develop…

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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8.6 Using exponential smoothing, calculate the forecasts for months 2, 3, 4, 5, and 6. The smoothing constant is 0.2, and the old forecast for month 1 is 245. Month 1 2 3 4 5 6 LO Actual Demand 260 230 225 245 250 Forecast Demand
part b
11. Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonald's restaurant: Day Actual Demand Forecast Demand Monday 88.00 88.00 Tuesday 72.00 88.00 Wednesday 68.00 84.00 Thursday 48.00 80.00 Friday − ? Part 2 The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25. Using this exponential smoothing method, the forecast for Big Mac demand for Friday is __________ Big Macs (round your response to one decimal place).
b4 need urgent in 15 minutes
Sales of tablet computers at Ted Glickman's electronicsstore in Washington, D.C., over the past 10 weeks are shownin the ta ble below: a) Forecast demand for each week, including week 10, usingexponential smoothing with a = .5 (in itial forecast = 20).b) Compute the MAD.c) Compute the tracking signal.
the ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy. discuss the statement and support your answer
A recently introduced product has a positive trend in sales. The product’s sales have increased in each of its first eight weeks on the market. The forecast for week 6 was 1,325 (F6 = 1,325), with A6 = 1,283 and T6 = 42. Using smoothing components α = 0.20 and β = 0.30, develop forecasts for weeks 7 and 8.
Using the photo attached, answer the following questions. 1. using the manual trend projection method of forecasting, show how Mr John can forecast demand for tyres for the next two years. SHOW ALL WORKING NO EXCEL SHEETS NO HAND WRITTEN ANSWERS, TYPE IT!
6. Consider the following data table. (12 Points) a) Forecast demand using exponential smoothing with an apha of 0.25, and an initial forecast of 128.0 for period 1. b) Calculate the MAD and MSE. Period Real demand 130 138 129 140 3 4 5 133
Q3. Find forecasted value for 2017 using a = 0.5 and a = 0.7 using exponential smoothing method. Which a is better (10 Years Sales Forecasted sale 2012 25 2013 17 2014 2015 30 2016 27 2017 21
The following data shows sales forecast of Axis Dealer for motorbikes. Month Demand 1 650 700 3 810 4 800 5 900 6. 700 7 i. What are the 3-months moving average forecasts for months 4, 5, 6 & 7? ii. What are the 3-month Wt. Moving Average (weights: 0.2, 0.3, 0.5) for months 4, 5, 6 & 7? iii. Calculate an exponential smoothing forecast for the given data with an alpha of 0.1 for months 2, 3, 4, 5, 6 & 7. Assume a forecast of 650 for month 1. Show the formula and working method.
Given the following original forecast and actual data: Month Actual Forecast Jan 600 Feb 475 Mar 550 Apr 575 May 643 Jun 662 Jul ??? ??? Using a 2 month weighted moving average with weights of 75% for the previous month and 25% for two months back, what is the forecast for July. Round your answer to 1 decimal place. 400 -- —— ——

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