Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:MonthPrice Per ChipPrice Per Chip$1.90MonthJulyJanuary$1.80February$1.61August$1.83March$1.60September$1.60April$1.85October$1.57May$1.90November$1.62June$1.95December$1.75This exercise contains only part d.With a = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places):MonthOct Nov DecForecast $1.83

Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…

Answered: With a = 0.1 and the initial forecast…

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

Use exponential smoothing with trend adjustment to forecast demand for period 11. Let α = 0.5, � = 0.3, and let the initial trend value be 12 and the initial forecast be 200
Please consider the following information and make forecasts for January, February, March, and April of Year 2. Use second-order polynomial regression to make forecasts. Adjusted seasonal index Actual sales Deseasonalized sales 836 825 Year 1 Year 2 January February March April May June July August September October November December January February March April 0.72 0.75 1:22 1.48 1 1.23 0.7 0.78 0.92 1.13 1.28 1.33 0.72 0.75 1.22 1.48 1220 1319 1020 1184 685 641 875 1008 1068 1141
Help Saved Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard hoody. Mary believes it will sell 318 times next season. Susan forecasts sales of 518, and Sarah forecasts 199. What would be the result of a simple forecast combination? (Round to two decimal places)
Considering the fact that the number of students is relatively constant throughout the academic year, the college's cafeteria is planning for the second semester based of the actual sales the first semester. Month Actual Sales of Fall 2016 Forecast of Spring 2017 September 250 October 300 November 280 December 200 With the given information, can the forecast of November be obtained using a 3-month weighted moving average? Explain you answer.
A police station had to deploy a police officer for an emergency multiple times in the last four evenings. The table below shows the number of emergencies each evening. (Round your answers to 3 decimal places.). Forecast for Weekday Number of calls each day tomorrow (calls) 6. Monday Tuesday Wednesday 6. 6. 8 Thursday 12 Complete the "Forecast for tomorrow" column in the table above. Use an exponential a. smoothing forecasting approach, with a=0.3 and a forecast for Monday of 9. (Round your answer to 3 decimal places.) What would be their forecast for Friday using the same b. exponential smoothing forecasting approach?
2
14 Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below: Day Bicycle Victims 1 8 2 14 3 8 4 14 5 18 6 15 With an alpha value of 0.31 and a starting forecast in day 3 equal to the 21 , what is the exponentially smoothed forecast for day 4? (Round to two decimal places) 15 What is the exponentially smoothed forecast for day 5? (Round to two decimal places)
With the multiplicative seasonal method of forecasting: the seasonal amplitude is a constant, regardless of the magnitude of average demand. there can be only four seasons in the time-series data. the times series cannot exhibit a trend. seasonal factors are multiplied by an estimate of average demand to arrive at a seasonal forecast.
Given an actual demand this period of 90, a forecast for this period of 58, and an alpha of 0.2, what would the forecast for the next period be using exponential smoothing?
Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathered the following data: Week 6 weeks ago 5 weeks ago 4 weeks ago 3 weeks ago 2 weeks ago Last week # Students 83 110 95 80 65 50 What is this week's forecast using trend-adjusted (double) smoothing with alpha = .5 and beta = .1, if the forecast for last week was 65, the forecast for two weeks ago was 75, and the trend estimate for last week's forecast was -5? 49.3 78.7 51.3 50.6 65.4
What effect does the number of cycles in a moving average have on the forecast's responsiveness?
Use simple exponential smoothing with a=0.6 to forecast chargers sales for February through May. Assume that the forecast for January was 24 chargers. *** Month January Charger Sales 42 February 33 March 28 April 59 May ? a) What will be the forecast for May? b) Calculate the MSE.

SEE MORE QUESTIONS

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

With a = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the forecast for periods 11 and 12 is (round your responses to two decimal places) Month Forecast Oct $1.83 Nov Dec