EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
10th Edition
ISBN: 9780134183848
Author: HEIZER
Publisher: PEARSON CO
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Chapter 4, Problem 47P
The number of auto accidents in Athens, Ohio, is related to the regional number of registered automobiles in thousands (X1), alcoholic beverage sales in $10,000s (X2), and rainfall in inches (X3). Furthermore, the regression formula has been calculated as:
where
Y = number of automobile accidents
a = 7.5
b1 = 3.5
b2 = 4.5
b3 = 2.5
Calculate the expected number of automobile accidents under conditions a, b, and c:
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The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months:
Jan Feb Mar AprMonth 1 2 3 4Number of Accidents 25 40 60 105
Using the least-squares regression method, the trend equation for forecasting is (round your responses to two decimal places):
y = ? + ?x
For the E-Commerce Retail Sales (Million$) data given in the table below, provide estimates from the 1st Quarter (Q1) of 2016 to the 3rd Quarter (Q3) of 2017 by using two models:
1) Single Exponential Smoothing with α=0.3
2) Moving Average with k=2.
Calculate MAPE for each model.
Quarter
Year
Actual
Q1
2016
86802
Q2
2016
92004
Q3
2016
93795
Q4
2016
124651
Q1
2017
99491
Q2
2017
106590
Q3
2017
108291
Compare two models above (Single Exponential Smoothing and Moving Average) based on their accuracies. Which forecasting method appears to be better? Using the model you choose, provide forecast for the 4th Quarter (Q4) of 2017. Assuming that this model is overestimating, find the actual value of the Q4 of 2017 based on MAPE value.
Some residual graphs from the first forecast model (including wider range of E-Commerce Retail Sales data) are given below. What do these graphs tell about the model? Explain each graph.
The following gives the number of accidents that occurred on Florida State Highway 101 during the last 4 months:
Month
Jan
Feb
Mar
Apr
Number of Accidents
30
48
70
90
Part 2
Using the
least-squares regression
LOADING...
method, the trend equation for forecasting is (round your responses to two decimal
places):
y
=
enter your response here
+
enter your response here
x
Y=?+?x
Chapter 4 Solutions
EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
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Ch. 4 - What is the primary difference between a...Ch. 4 - Define time series.Ch. 4 - What effect does the value of the smoothing...Ch. 4 - Explain the value of seasonal indices in...Ch. 4 - Prob. 14DQCh. 4 - In your own words, explain adaptive forecasting.Ch. 4 - Prob. 16DQCh. 4 - Explain, in your own words, the meaning of the...Ch. 4 - Prob. 18DQCh. 4 - Give examples of industries that are affected by...Ch. 4 - Prob. 20DQCh. 4 - Prob. 21DQCh. 4 - CEO John Goodale, at Southern Illinois Power and...Ch. 4 - The following gives the number of pints of type B...Ch. 4 - a) Plot the above data on a graph. Do you observe...Ch. 4 - Refer to Problem 4.2. Develop a forecast for years...Ch. 4 - A check-processing center uses exponential...Ch. 4 - The Carbondale Hospital is considering the...Ch. 4 - The monthly sales for Yazici Batteries, Inc., were...Ch. 4 - The actual demand for the patients at Omaha...Ch. 4 - Daily high temperatures in St. Louis for the last...Ch. 4 - Lenovo uses the ZX-81 chip in some of its laptop...Ch. 4 - Data collected on the yearly registrations for a...Ch. 4 - Use exponential smoothing with a smoothing...Ch. 4 - Prob. 12PCh. 4 - At you can see in the following table, demand for...Ch. 4 - Prob. 14PCh. 4 - Refer to Solved Problem 4.1 on page 144. a) Use a...Ch. 4 - Prob. 16PCh. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Income at the architectural firm Spraggins and...Ch. 4 - Resolve Problem 4.19 with = .1 and =.8. Using...Ch. 4 - Prob. 21PCh. 4 - Refer to Problem 4.21. Complete the trend-adjusted...Ch. 4 - Prob. 23PCh. 4 - The following gives the number of accidents that...Ch. 4 - In the past, Peter Kelles tire dealership in Baton...Ch. 4 - George Kyparisis owns a company that manufactures...Ch. 4 - Attendance at Orlandos newest Disneylike...Ch. 4 - Prob. 28PCh. 4 - The number of disk drives (in millions) made at a...Ch. 4 - Prob. 30PCh. 4 - Emergency calls to the 911 system of Durham, North...Ch. 4 - Using the 911 call data in Problem 4.31, forecast...Ch. 4 - Storrs Cycles has just started selling the new...Ch. 4 - Boulanger Savings and Loan is proud of its long...Ch. 4 - Mark Gershon, owner of a musical instrument...Ch. 4 - Prob. 44PCh. 4 - Cafe Michigans manager, Gary Stark, suspects that...Ch. 4 - Prob. 46PCh. 4 - The number of auto accidents in Athens, Ohio, is...Ch. 4 - Rhonda Clark, a Slippery Rock, Pennsylvania, real...Ch. 4 - Accountants at the Tucson firm, Larry Youdelman,...Ch. 4 - Prob. 50PCh. 4 - Using the data in Problem 4.30, apply linear...Ch. 4 - Bus and subway ridership for the summer months in...Ch. 4 - Prob. 53PCh. 4 - Dave Fletcher, the general manager of North...Ch. 4 - Sales of tablet computers at Ted Glickmans...Ch. 4 - The following are monthly actual and forecast...Ch. 4 - Develop a forecasting model, justifying its...Ch. 4 - Prob. 2CSCh. 4 - Discuss the schools options.Ch. 4 - Prob. 1.1VCCh. 4 - Prob. 1.2VCCh. 4 - Using Perezs multiple-regression model, what would...Ch. 4 - Prob. 1.4VCCh. 4 - Describe three different forecasting applications...Ch. 4 - What is the role of the POS system in forecasting...Ch. 4 - Justify the use of the weighting system used for...Ch. 4 - Name several variables besides those mentioned in...Ch. 4 - Prob. 2.5VC
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