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Test 1 MAN 6501.pdf

Test 1 MAN 6501.pdf - Received a 95 Find the value of the...

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Received a 95% Find the value of the tracking signal at the end of month 6 based on the actual demand and forecast given in the following table. Month 1 2 3 4 5 6 Actual Demand 715 675 640 587 702 760 Forecast 700 645 660 648 655 718 Answer Close to 1.48 What is the mean absolute deviation of the following forecasts? Month Actual Sales Forecast Jan. 614 600 Feb. 480 480 Mar. 500 550 Apr. 500 600 Answer 41 A firm has the following order history over the last 6 months. January 120 February 95 March 100 April 75 May 100 June 50 What would be a 3-month weighted moving average forecast for July, using weights of 40% for the most recent month, 30% for the month preceding the most recent month, and 30% for the month preceding that one? Answer Close to 72
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Joe's Equipment Distributors sells "Low and Loud" brand lawnmowers. Total demand in 2010 is expected to be 2000 units. Given the historical sales figures listed below, find the forecast for the summer quarter in 2010 using the seasonal forecasting model. 2007 2008 2009 Fall 50 80 120 Winter 150 450 510 Spring 500 600 700 Summer 400 490 610 Answer Close to 654 Based on the demand data for an item A for last two weeks, you do a trend analysis and find the trend equation to be Y = 50 + 4X. The company works five days (Monday through Friday) per week. Make a forecast for Tuesday of week 3 for this product.
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