Time Series Methodologies Simulation

Time Series Methodologies Simulation - Running head: TIME...

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Running head: TIME SERIES METHODOLOGIES SIMULATION 1 Time Series Methodologies Simulation Robert Miley University Of Phoenix Research and evaluation RES/342 Kal Oliai July 05, 2010
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Time Series Methodologies Simulation The purpose of this memo is to provide the business decisions that were made concerning the sales production plan for all the upcoming quarters. First I decided to use the centering moving average model with the selected data range of 6 years for the calculations. The reason I chose this was to obtain the best possible accurate results. I did not want to go too far in the past as past trends may no longer applicable. As for the production of the product I decided to fix 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 these production levels was to coincide the sales figure forecast. I would also like to add to the decisions that were made concerning the advertising budget. The
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This note was uploaded on 10/12/2011 for the course BUSINESS 317 taught by Professor Jackhandy during the Spring '11 term at University of Phoenix.

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Time Series Methodologies Simulation - Running head: TIME...

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