FC In class problems

FC In class problems - 3. Develop a forecast for the next...

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In Class Forecasting Exercises Monday 10/4/10 – MGMT 320 1. Demand for the last four months was: A) Predict demand for July using each of these methods: 1) a 3-period moving average 2) exponential smoothing with alpha equal to .20 (use a naïve forecast for April for your first forecast) B) If the naive approach had been used to predict demand for April through June, what would MAD have been for those months? 2. Develop a linear trend equation for the data on bread deliveries shown below. Forecast deliveries for period 11 through 14.
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Unformatted text preview: 3. Develop a forecast for the next period, given the data below, using a 3-period moving average. 4. A manager is using exponential smoothing to predict merchandise returns at a suburban branch of a department store chain. Given a previous forecast of 140 items, an actual number of returns of 148 items, and a smoothing constant equal to .15, what is the forecast for the next period? 5. Given the following historical data and weights of .5, .3, and .2, what is the three-period moving average forecast for period 5?...
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This note was uploaded on 10/31/2010 for the course BUSINESS S MGMT taught by Professor Xx during the Spring '10 term at VCU.

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FC In class problems - 3. Develop a forecast for the next...

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