Applying Time Series Methodologies Memo

Applying Time Series Methodologies Memo - Time series memo...

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Time series memo 1 Applying Time Series Methodologies Memo Justin Grunigen RES342 Mark Talbot University of Phoenix, North Florida Thursday September 2, 2010
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Time series memo 2 Applying Time Series Methodologies Memo This simulation was provided by the Apollo Group (2003). This memo is to provide the business decisions that were made concerning the sales production plan for all the upcoming quarters. First, the decision was made to use the centering moving average model with the selected data range of 6 years for the calculations. The reason this was chosen was to obtain the most accurate results. The decision was also made not to go too far in the past because the previous trends may no longer apply. As for the production of the product, there will be fixed production levels at 11 million units for the first quarter, 14 million units for the second quarter, 12 million for the third quarter and 20 million for the fourth quarter. The reason for the fluctuation in fixed production levels is to coincide with the sales figure forecasts. Now to add to the decisions that was made concerning the advertising budget.
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Applying Time Series Methodologies Memo - Time series memo...

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