OPERATION MANAGEMENT
2nd Edition
ISBN: 9781260242423
Author: CACHON
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 15, Problem 5PA
MyApp is a small but growing startup that sees demand for several of its apps increase quickly. For the last six months, monthly downloads were 235,000, 290,000, 336,000, 390,000, 435,000, and 498,000. Using a
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Forecasts and actual sales of digital music players at Just Say Music are as follows:
Month
Forecast
Actual Sales
March
150
170
April
207
214
May
202
190
June
265
247
July
268
242
August
250
210
September
285
240
October
267
192
What is the forecast for November, using a two-period moving average? Round your answer to two decimal places.
What is the forecast for November, using a three-period moving average? Round your answer to two decimal places.
Compute MSE for the two- and three-period moving average models and compare your results. Do not round intermediate calculations. Round your answers to two decimal places.
My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last six
months of downloads. Use a forecast for the first month of 220,000, an initial trend forecast of 35,000, and smoothing parameters of
015 for both demand smoothing and trend smoothing
Month (t) Monthly Application Downloads Forecast for Next Month
Trend
220,000.00
35,000.00
200,000
2
250, 100
334,000
380,000
440,000
500,000
(Round your answers to 2 decimal places.)
Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double
a.
exponential smoothing
(Round your answers to 2 decimal places.)
Month 7's forecast is
b.
Year
Season
Sales
2018
Winter
40
2018
Spring
29
2018
Summer
31
2018
Fall
40
2019
Winter
102
2019
Spring
87
2019
Summer
96
2019
Fall
132
2020
Winter
105
2020
Spring
93
2020
Summer
105
2020
Fall
117
2021
Winter
141
2021
Spring
39
2021
Summer
114
2021
Fall
123
What is the slope of the trend equation obtained by linear regression? Round to two decimal digits.
What is the intercept of the trend equation obtained by linear regression? Round to two decimal digits.
What is the seasonal index for Spring? Round to two decimal digits.
The quarter number for Winter of 2018 is 1. What is the quarter number for Spring of 2025?
What is the trend based forecast for Spring of 2025. Round to a whole number.
What is the seasonally adjusted trend based forecast for Spring of 2025?
Please do not use excel to find the slope and intercept, thank you so much!
Chapter 15 Solutions
OPERATION MANAGEMENT
Ch. 15 - When creating a time seriesbased forecast for the...Ch. 15 - Prob. 2CQCh. 15 - Prob. 3CQCh. 15 - Prob. 4CQCh. 15 - Prob. 5CQCh. 15 - Prob. 6CQCh. 15 - Prob. 7CQCh. 15 - Prob. 8CQCh. 15 - Using the moving average forecast, is it possible...Ch. 15 - Prob. 10CQ
Ch. 15 - Prob. 11CQCh. 15 - Prob. 12CQCh. 15 - Prob. 13CQCh. 15 - Deseasonalizing old demand data is the process of...Ch. 15 - Prob. 15CQCh. 15 - Prob. 1PACh. 15 - Prob. 2PACh. 15 - Prob. 3PACh. 15 - A police station had to deploy police officers for...Ch. 15 - MyApp is a small but growing startup that sees...Ch. 15 - Prob. 6PACh. 15 - Prob. 7PACh. 15 - Prob. 1CCh. 15 - CASE INTERNATIONAL ARRIVALS The U.S. Department of...Ch. 15 - Prob. 3C
Additional Business Textbook Solutions
Find more solutions based on key concepts
How is activity-based costing useful for pricing decisions?
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Real options and its types. Introduction: The net present value is the variation between present cash inflows v...
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Assume the United States is an importer of televisions and there are no trade restrictions. US consumers buy 1 ...
Principles of Microeconomics (MindTap Course List)
Whether callable bonds have a higher or lower yield than otherwise identical bonds without a call feature. Intr...
Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
The flowchart for the process at the local car wash. Introduction: Flowchart: A flowchart is a visualrepresenta...
Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
How did the recession of 2007-2009 compare with other recessions since the Great Depression in terms of length?...
Foundations of Financial Management
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Under what conditions might a firm use multiple forecasting methods?arrow_forwardThe Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?arrow_forwardThe file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars) through credit unions. a. Use these data to forecast consumer revolving credit through credit unions for the next 12 months. Do it in two ways. First, fit an exponential trend to the series. Second, use Holts method with optimized smoothing constants. b. Which of these two methods appears to provide the best forecasts? Answer by comparing their MAPE values.arrow_forward
- You manager gave you February 2021 actual sales and sales forecast. This is the only raw data you have access to. Which of the following is the most appropriate technique for forecasting March 2021's sales? a.Simple moving average b.Exponential smoothing c.Causal relationship forecasting d.Simple linear regression e.Weighted moving averagearrow_forwardplease answer fastarrow_forwardNote:- 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.arrow_forward
- The following table shows the past two years of quarterly sales information. Assume that there are both trend and seasonal factors and that the seasonal cycle is one year. QUARTER SALES 1 215 2 240 3 205 4 190 5 160 6 195 7 150 8 140 Use regression and seasonal indexes to forecast quarterly sales for the next year. Note: Do not round intermediate calculations. Round your answers to 1 decimal place.arrow_forwardfour techniques used for forecasting sales (market researchers, delphi technique, trend analysis, and econometric models) were introduced. What are some factors when preparing a sales forecast that would lead you to rely on one or two of these techniques more than the others? Support your choice with evidence.arrow_forwardWhich type of analytics is used to know the effect of product price on sales. OA) predictive OB) forecast C) prescriptive D) descriptivearrow_forward
- Consider the monthly sales data of a company for last year as well as first six month data for current year. Use a three- quarter weighted moving average, Forecast the sales of company for 3rd Quarter of current year. Use Weights of 4/7, 2/7 and 1/7, giving more weight to more recent data. Note, the 1ist quarter is Jan, Feb and March , 2nd quarter is Apr, May, June, 3rd quarter is July, Aug and Sept, and 4th quarter is Oct, Nov and Dec. Month Jan Feb Mar April May June July Aug Sept Oct Nov DecLast Year 100 125 135 175 185 200 150 140 130 200 225 250Current Year 125 135 135 190 200 190arrow_forwardPLEASE CHOOSE ONE ANSWER AND CLARIFY THE CHOICE A quantitative forecasting class assumes that sales (or other items to be forecast) follow a repetitive pattern over time. When a retailer uses daily sales of each product to identify patterns and to forecast inventory requirements, this is an example of: A::a deterministic model B::a causal model C::a time series forecasting technique D::a qualitative model “A” items are high-dollar value items which represent a small portion (usually 10-20 percent) of requisitions, purchase orders, and inventory items, but a large portion of annual spend (usually 70-80 percent). “A” items in ABC analysis are: A::reviewed infrequently B::normally carried in large quantities C::stored in a relatively insecure warehouse D::particularly critical in financial terms Decoupling inventories are carried __________________________________. The amounts and locations of raw material, work-in-process, and finished goods decoupling inventories depend on…arrow_forwardThe sales of XYZ company for the previous three periods are 45, 42, and 43 respectively. Estimate the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial forecast (Round to 2 decimals) O a. None is correct O b. 43.25 O c. 41 O d. 41.92 O e. 42.8arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Forecasting 2: Forecasting Types & Qualitative methods; Author: Adapala Academy & IES GS for Exams;https://www.youtube.com/watch?v=npWni9K6Z_g;License: Standard YouTube License, CC-BY
Introduction to Forecasting - with Examples; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=98K7AG32qv8;License: Standard Youtube License