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MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
8th Edition
ISBN: 9781337274876
Author: Cliff Ragsdale
Publisher: Cengage Learning US
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The manager wants to forecast the month 6's sales using the following historical data:
Months
Month 1
Month 2
Month 3
Month 4
Month 5
Sales
20
25
32
35
38
Please use the weight 0.45 for Month 5, weight 0.25 for Month 4, weight 0.2 for Month 3, and
weight 0.1 for Month 2 to use the weighted moving average to forecast the demand of Month 6.
Month 5 = 0.1*(25) +0.2*(32) + .25* (35) divided by 0.1 +0.2 +1.25 -17.65/0.55 = 32.09
Month 6= 0.1* (25) +0.2* (32) +0.25 (35) +0.45* (38) divided by 0.1 +0.2+0.45 = 34.75
The manager wants to forecast the month 6's sales using the following historical data:
Months
Month 1
Month 2
Month 3
Month 4
Month 5
Sales
20
25
32
35
38
Please use the weight 0.45 for Month 5, weight 0.25 for Month 4, weight 0.2 for Month 3, and
weight 0.1 for Month 2 to use the weighted moving average to forecast the demand of Month 5.
A careful analysis of the cost of operating an automobile was conducted by accounting manager Dia Bandaly. The following model was
developed:
y = 3,600+ 0.16x,
where y is the annual cost and x is the miles driven.
a) If the car is driven 15,000 miles this year, the forecasted cost of operating this automobile = $
b) If the car is driven 26,000 miles this year, the forecasted cost of operating this automobile = $
(enter your response as a whole number).
(enter your response as a whole number).
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