The monthly sales for Yazici Batteries, Inc., were as follows: Month Sales Jan Feb Mar 19 21 17 Apr May Jun Jul 12 15 18 15 Dec Aug Sept Oct Nov 19 20 20 20 22 This exercise contains only parts b and c. b) The forecast for the next month (Jan) using the naive method=22 sales (round your response to a whole number). The forecast for the next period (Jan) using a 3-month moving average approach = 20.67 sales (round your response to two decimal places). The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are applied to the most recent month= 20.0 sales (round your response to one decimal place). Using exponential smoothing with x = 0.40 and a September forecast of 21.00, the forecast for the next period (Jan) = sales (round your response to two decimal places).
The monthly sales for Yazici Batteries, Inc., were as follows: Month Sales Jan Feb Mar 19 21 17 Apr May Jun Jul 12 15 18 15 Dec Aug Sept Oct Nov 19 20 20 20 22 This exercise contains only parts b and c. b) The forecast for the next month (Jan) using the naive method=22 sales (round your response to a whole number). The forecast for the next period (Jan) using a 3-month moving average approach = 20.67 sales (round your response to two decimal places). The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are applied to the most recent month= 20.0 sales (round your response to one decimal place). Using exponential smoothing with x = 0.40 and a September forecast of 21.00, the forecast for the next period (Jan) = sales (round your response to two decimal places).
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...
Related questions
Question
fourth answer in part b
Transcribed Image Text:The monthly sales for Yazici Batteries, Inc., were as follows:
Month
Sales
Jan Feb Mar Apr May Jun Jul Aug Sept Oct
19 21 17 12 15 18 15 19 20 20
Dec
Nov
20 22
This exercise contains only parts b and c.
b) The forecast for the next month (Jan) using the naive method = 22 sales (round your response to a whole number).
=
The forecast for the next period (Jan) using a 3-month moving average approach
20.67 sales (round your response to two decimal places).
The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are
applied to the most recent month = 20.0 sales (round your response to one decimal place).
Using exponential smoothing with α = 0.40 and a September forecast of 21.00, the forecast for the next period (Jan) = sales (round your response to two decimal
places).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
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
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
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.