Op Man HW 5 Chapters 14 & 18

50 the s ec ond mos t rec ent 025 and the third 025

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 0.50, the s ec ond mos t rec ent 0.25, and the third 0.25. Do the problem us ing quarters , as oppos ed to forec as ting s eparate months . (Round your answer to 2 decim al places.) Forec as t for the fourth quarter 1,041.25 Worksheet Problem 18­4 Learning Objective: 18­02 Evaluate demand using quantitative forecasting models. Problem 18-4 Here are the data for the pas t 21 months for ac tual s ales of a partic ular produc t: J anuary February Marc h April May J une J uly Augus t September Oc tober Nov ember Dec ember LAST YEAR THIS YEAR 310 305 430 345 440 345 485 455 450 410 465 365 395 350 335 280 395 340 495 560 480 Dev elop a forec as t for the fourth quarter us ing a three­quarter, weighted mov ing av erage. Weight the mos t rec ent quarter 0.50, the s ec ond mos t rec ent 0.25, and the third 0.25. Do the problem us ing quarters , as oppos ed to forec as ting s eparate months . (Round your answer to 2 decim al places.) Forec as t for the fourth quarter 1,041.25 ± 0.1% Explanation: Third mos t rec ent quarter 305 + 345 + 345 = 995 Sec ond mos t rec ent quarter 455 + 410 + 3...
View Full Document

Ask a homework question - tutors are online