ch04pp - Practice Problems: Chapter 4, Forecasting Problem...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Practice Problems: Chapter 4, Forecasting Problem 1: Auto sales at Carmen’s Chevrolet are shown below. Develop a 3-week moving average. Week Auto Sales 1 8 2 10 3 9 4 11 5 10 6 13 7 - Problem 2: Carmen’s decides to forecast auto sales by weighting the three weeks as follows: Weights Applied Period 3 Last week 2 Twoweeks ago 1 Three weeks ago 6 Total 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Problem 3: A firm uses simple exponential smoothing with α = 01 . to forecast demand. The forecast for the week of January 1 was 500 units whereas the actual demand turned out to be 450 units. Calculate the demand forecast for the week of January 8. Problem 4: Exponential smoothing is used to forecast automobile battery sales. Two value of are examined, = 0 8 . and = 0 5 . . Evaluate the accuracy of each smoothing constant. Which is preferable? (Assume the forecast for January was 22 batteries.) Actual sales are given below: Month Actual Battery Sales Forecast January 20 22 February 21 March 15 April 14 May 13 June 16 2
Background image of page 2
Problem 5: Use the sales data given below to determine: (a) the least squares trend line, and (b) the predicted value for 2008 sales. Year
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/24/2011 for the course MGT 4476 taught by Professor Marthabrowski during the Spring '10 term at Troy.

Page1 / 10

ch04pp - Practice Problems: Chapter 4, Forecasting Problem...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online