Suppose a firm has had the following historic sales figures.Year:2016201720182019Sales $3,400,000 $4,650,000$3,300,000 $2,900,000What would be the forecast for next year's sales using the naïve approach?Answer is complete but not entirely correct.Next year'ssales$ 3,550,0002020$3,500,000

Estimating technique in which the last period's actuals are used as this period's forecast, without…

Answered: Suppose a firm has had the following…

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

Similar questions

For the data below, answer the following four questions: Period Demand 1 58 2 59 3 60 4 61 What would be the simple moving average forecast for the 5th period? 68.2 58 60.7 59.5 61
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
I posted this question and it's been 18 hours that it still hasn't been answered. I only need the last two questions please (:
i need the answer quickly
The long-term financial forecast plays a crucial part in the company's long-term strategic plan. True or False True False 25 28 étv N 4
Given the following data, use least-squares regression to derive a trend equation: Period Demand where y Demand and x = Period. 1 10 2 12 3 5 4 13 5 12 6 11 D The least-squares regression equation that shows the best relationship between demand and period is (round your responses to two decimal places):
pls help
The current values of sales of a product in a company are as follows: November - 22, December - 35, January - 28, February - 20, March - 33, April - 20. What is the forecast for May using a mean mobile three months? Select one: a. twenty b. 25.25 c. 24.33 d. 26.33
Sales for the past 12 months at computer success are given here: January 3,000 July 6,300 february 3,400 August 7,200 March 3,700 Sept 6,400 April 4,100 Oct 4,600 May 4,700 Nov 4,200 June 5,700 December 3,900 a. Use a 3-month moving average to forecast the sales for the months May through December b. Use a 4-month moving average to forecast the sales for the months May through December C. Compare the performance of the two methods by using the mean absolute deviation as the performance criterion. Which method would you recommend? d. Compare the performance of the two methods by using the mean absolute percent error as the performance criterion. Which method would you recommend? e. Compare the performance of the two methods by using the mean squared error as the performance criterion. Which method would you recommend?
please answer in 30 minutes.
Historical sales data is shown below. Week Actual Forecast 1 328 300 2 272 3 245 4 223 5 205 6 Using alpha (α) = 0.2, what is the exponential smoothing forecast for period 6? Note: Round your answer to 2 decimal places. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Which of the following scenarios is the most credible forecast over the next decade. (Choose ONLY 1 Scenario). Why? Globalization of Business is Inevitable IB Growth that is Less Global Globalization and IB will Slow

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

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

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

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…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS