You are a manager at Asda. You have been given the demand data for the past 10 weeks for swim rings for children. You decide to run three different types of forecasting methods on the data to see which gives you the best forecast.
Week Demand
12 1317
13 1307
14 1261
15 1258
16 1267
17 1256
18 1268
19 1277
20 1277
21 1297
(a) If you were to use exponential smoothing with alpha =.3, what would be your forecast for week 22? (The forecast for week 21 was 1272.)
(b) Using a 3-period weighted moving average (most recent=.6; second-most recent=.3, least recent=.1), what is the forecast for week 22?
(c) If you were to use a 3-period simple moving average, what would be your forecast for week 22?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are a manager at Asda. You have been given the demand data for the past 10 weeks for swim rings for children. You decide to run three ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Harold fuller is buying shares in a mutual fund that invests in the same companies that are found in the s& p 500 and in roughly the same proportion.
Answers (1)
If the demand for loanable funds shifts to the right, then the equilibrium interest rate a. and quantity of loanable funds rises. b. and quantity of loanable funds falls. c. falls and the quantity of loanable funds rises. d.
Answers (1)
A firm using the perpetual inventory method returned defective merchandise costing P2,000 to one of its suppliers. The entry to record this transaction will include a debit to a. Accounts Receivable. b. Inventory. c. Purchase Returns and Allowances.
Answers (1)
anufacturing's cost accountant has provided you with the following information for January operations.
Answers (1)
What is the input, conversion, and output of operating a summer band camp?
Answers (1)
New Questions in Business
Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.
Answers (1)
Which of the following comparisons best isolates the impact of a change in activity on performance?
Answers (1)
If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of
Answers (1)
In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.
Answers (2)
The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.
Answers (1)